The Korea Exchange said April 27 it participated in the launch ceremony for the “Korea-style voluntary carbon market alliance,” hosted by the Ministry of Economy and Finance.
The exchange said the event brought together the ministry, the Korea Chamber of Commerce and Industry and other related organizations, along with large companies, mid-sized firms, startups and financial institutions, to discuss how to build a voluntary carbon market.
At the ceremony, the exchange announced plans to open the “KRX Carbon Credit Market.” It said it will set up a listing review system to ensure confidence in the quality of carbon credits listed and will work with the government and domestic carbon credit registries to build a stable and efficient platform.
It also said it plans to pursue cross-border linked trading by cooperating with global carbon credit exchanges, registries and investors, and to attract overseas liquidity to the KRX Carbon Credit Market.
In congratulatory remarks, Korea Exchange Chairman Jeong Eun-bo said the voluntary carbon market is becoming “a necessity, not an option,” as part of corporate social responsibility. He said the exchange will develop the KRX Carbon Credit Market into a global hub, citing its experience operating a carbon emissions trading market for 11 years.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.
