Korea Aggressive Energy & Natural Resources Program: Locking Up Australia’s Rare Earth Minerals

Arafura, an Australian resources company, has reported that it has executed a non-binding agreement with a major Korean construction company to supply to the company rare earth minerals.   The company will provide, according to the company, a viable option to the Chinese rare earth minerals and the Chinese governments increasing grip over these resources.  Most involved in the energy and natural resources industry know who the Korean conglomerate is, but I will refrain from mentioning the name until it is

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Korea’s Carbon Credit Inititative: Korea Fastest Growing Producer of Carbon in Developed World

Bloomberg posted an article today on the possibility of Korea passing a carbon trading bill.The Bloomberg articles notes that: We believe the bill will be passed” as long as lawmakers schedule a vote after the elections, Young Soo Gil, chairman of the Presidential Committee on Green Growth, told reporters today in Seoul. Lawmakers unexpectedly delayed voting on the bill on Feb. 27, even after Asia’s fourth-largest economy agreed to push back the program’s start by two years to 2015 as

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Korea’s Proactive Energy and Natural Resources Policy: Another Failed Venture?

The Korean Administration has taken a great deal of flack from politicians, the media and the population because of many failed overseas energy and natural resources projects. The criticism is justified, but the bold efforts should be welcomed and fostered.   I wish the U.S. government would take a much more proactive stance as is being taken by China, Korea and India. The most recent efforts on the part of the Korean government is to secure a consistent and predictable

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Bill Sought to Limit FDI in Key Sectors

Korea Times Feb. 22, 2007 By Kim Yon-seStaff ReporterA group of lawmakers and policymakers are moving to legislate a law aimed at placing restrictions on foreign investment in some key industries. The move is aimed at blocking takeover attempts in the weapons, energy and steel sectors and other high technology areas that have some comparative advantages.The Ministry of Commerce, Industry and Energy (MOCIE) is reviewing the bill in consideration of national security concerns. Last year, Rep. Lee Sang-kyeong of the

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