As the world faces global warming challenge, countries around the world seeks measures to mitigate carbon emission. The Korea Forest Service set a goal of 1 million ha plantation by 2050 to secure sustainable use of forest products and expand carbon sinks to mitigate global warming.
Overseas investment projects allow Korea to have competitive edge over forests around the world and secure sustainable supply of raw materials from the forests. The projects not only benefit Korea but also the rest of the world. Systematic plantation by registered companies can protect the forests by using sustainable reforestation methods and restricting and controlling illegal logging activities and trade of illegally harvested logs.
In 2016, a total of 97 companies registered for overseas forest resources development business in 23 countries, 34 companies are conducting overseas plantation projects in 14 countries (413,000ha).
Also, 11 companies have shipped more than 2.3 million m3 of wood products including unsawn-timber, wood pallet and pulp chips, from 10 countries. Plantation projects in overseas can balance domestic supply and demand of wood products and can develop biomass industry using wood-pallets. Biomass, which is a source of energy, can play an important role in combating and mitigating environmental problems around the world. It can also serve as a new driver in growth.
Overseas Forest Resources Development Business Registration (as of 2016)
| Business Registration | |||
|---|---|---|---|
| Host countries | 23 | ||
| Registered companies | 97 | ||
| Business details | Total (project number) | 113 (total) | |
| Plantation | sub-total | 54 | |
| Industry | 32 | ||
| Bioenergy | 21 | ||
| Carbon credits | 1 | ||
| Logging | 16 | ||
| Processing | 43 | ||
Overseas Plantation : 413,000 ha in 14 foreign countries by 34 Korean companies
| Total | 1993~2015 | First half of 2016 | |
|---|---|---|---|
| In 14 foreign countries by 34 companies (total) | 413,322 ha | 399,068 ha | 14,254 ha |
| On-going businesses in 12 foreign countries by 27 companies | 377,703 ha | 363,449 ha | 14,254 ha |
| Completed businesses in 5 foreign countries by 6 companies | 35,619 ha | 35,619 ha |
- Planted areas by year
Planted areas by year
- Planted areas by country
Planted areas by country
- Biomass plantation site in Indonesia
Biomass plantation site in Indonesia
- Logging of acacia trees planted in Viet Nam
Logging of acacia trees planted in Viet Nam
- Rubber tree planation in Cambodia
Rubber tree planation in Cambodia
- Plantation site in Parguay
Plantation site in Parguay