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South Korea's finance of 'green' palm oil drives destruction in Indonesia


Modern Diplomacy
In 2019, South Korea imported 745,000 metric tonnes of palm oil, up from 194,000 metric tonnes in 2005. It is one of the fastest-growing markets for the commodity in the world, driven by government policies to boost palm oil as a lucrative green industry and to secure food and energy supplies from overseas.
Most of this palm oil comes from Indonesia and Malaysia and until recently was used in processed food, such as instant noodles. But under the country’s “Green New Deal” introduced earlier this year, palm oil is being promoted as a source of renewable energy, as biofuel for transport and power generation. ....

Soult Ukpyolsi , South Korea , United Kingdom , Indonesia General , Ito Shin , Ch Ungch Ong Namdo , South Korean , Kowin Marind , Deborah Lapidus , Kang Myung Hwa , Yayasan Pusaka , Joyce Eun Jeong Seo , Chung Shin Young , Sawa Erma , Angky Samperante , Shin Jung Yull , Korindo Group , Lg International , Korea Forest Service Overseas Resources Development Office , Korea Forestry Service , Korea Forest Service , Posco International Sustainable Management Department , Korea Energy Agency , European Union , Daesang Holdings , Lg International Corp ,