Blockchain Press Releases
LG Innotek published the 2022-2023 Sustainability Report
- Achieved 20% carbon neutrality within one year after the declaration and increased shareholder-friendly policies such as the 10% dividend payout ratio
- Increased investment in R&D by 33% from the previous year to strengthen the competitiveness of future business
SEOUL, South Korea, July 21, 2023 /PRNewswire/ — LG Innotek (CEO Jeong Cheol-dong) announced on the 21st that it had published the ‘2022-2023 Sustainability Report’ that covers the performance of ESG (Environmental·Social·Governance) management.
LG Innotek achieved meaningful results previous year by performing substantial ESG management activities to enhance corporate value.
In the environmental field, LG Innotek joined ‘RE100’ and decided to use renewable electricity in all workplaces by 2030. At the same time, LG Innotek declared that it would achieve 100% Carbon Neutrality by 2040. LG Innotek also joined the Science Based Targets initiative (SBTi) to systematically carry out carbon neutrality activities.
LG Innotek has already achieved the goal quickly by recording the renewable electricity conversion rate of 22% (RE22) and carbon neutrality rate of 20%.
In 2022, LG Innotek received the ‘Minister Prize from the Ministry of Environment’ as the leading company in resource circulation in recognition of its efforts for resource circulation, such as the development of a waste management system, reusing process subsidiary materials, and reducing the use of plastic packaging materials.
Besides, Gumi, Pyeongtaek, and Gwangju plant of LG Innotek have obtained the ‘ZWTL (Zero Waste to Landfill)’ certification from UL(Underwriters Laboratories) Solutions, a global safety certification body. In particular, the Pyeongtaek plant acquired the highest grade ‘Platinum’ last year by achieving 100% resource circulation following the Gumi plant.
In the social field, there is noteworthy in this Sustainability Report that employees participated a lot of social contribution activities. Since the company’s online social contribution portal had launched in 2022, more than 3,000 employees have actively participated in various forms of social contribution activities, such as online donation funding and non-face-to-face volunteering.
LG Innotek was selected as the most excellent company for 6 consecutive years in the Win-Win Growth Index operated by Korea Commission for Corporate partnership.
Furthermore, LG Innotek received Grand Prize from the Great Place to Work in Korea Award in recognition of its excellent corporate culture.
In the field of governance, LG Innotek has focused on creating a transparent and sound business environment. As a result, LG Innotek received ISO 37301 (Compliance Management System) certification, Excellent Anti-corruption Company at the Business Integrity Society Summit (BIS) hosted by United Nations Global Compact (UNGC) Korea, and ISO 22301 (Business Continuity Management System) certification last year.
LG Innotek has also strengthened shareholder-friendly policies. In 2022, LG Innotek paid a total of KRW 98.2 billion as a dividend per share, which is a significant increase from the previous year (KRW 71 billion). As a result, LG Innotek successfully implemented its dividend policy of maintaining a dividend payout ratio of 10% or more until 2024.
In addition to ESG management, the Sustainability Report highlights LG Innotek’s various efforts to secure the competitiveness of future business.
LG Innotek invested KRW 752.8 billion in R&D last year to advance original technology and identify new value-added businesses in future growth areas. The amount had a 33% increase from 2021 (KRW 564.2 billion). During the same period, LG Innotek also expanded industry-university collaboration significantly by doubling the number of industry-university projects.
“LG Innotek will continue ESG management faithfully as ‘Global No.1 Material and Component Company’ that provides differentiated customer value.” said CEO Jeong Cheol-dong.
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Blockchain technology continues to expand its reach, influencing industries far beyond its origins in cryptocurrency. From strategic collaborations to emerging trends, today’s briefing explores key developments shaping the blockchain ecosystem. Here’s the latest.
Blockchain Lobby Groups Unite for Crypto-Friendly Advocacy
In a landmark move, eight major blockchain lobby groups in the U.S. have joined forces to push for crypto-friendly policies under the new administration. With a regulatory climate expected to favor innovation in blockchain and cryptocurrency, these organizations aim to present a unified voice to influence legislation and public discourse.
The coalition’s agenda focuses on fostering technological adoption, ensuring consumer protection, and clarifying taxation policies. This collaboration highlights the growing recognition of blockchain’s potential to drive economic transformation while addressing concerns about regulation.
Source: CoinDesk
Five Underrated Layer-1 Blockchain Tokens to Watch in 2025
As competition among blockchain platforms intensifies, several Layer-1 blockchain tokens are poised to gain significant traction this year. Analysts spotlight projects that prioritize scalability, interoperability, and developer engagement as ones to watch.
While giants like Ethereum and Solana dominate headlines, emerging players are carving out niches in sectors like decentralized finance (DeFi), gaming, and supply chain solutions. These tokens underscore the innovation flourishing within the Layer-1 ecosystem.
Source: The Crypto Basic
AI and Blockchain Drive Innovation in Mining Industry
The integration of AI and blockchain technologies is revolutionizing the mining sector. Blockchain’s immutable ledger capabilities ensure transparency in supply chain operations, while AI optimizes resource extraction and predictive maintenance.
Together, these technologies address critical challenges such as environmental impact and operational inefficiency. As sustainability takes center stage, the mining industry’s adoption of blockchain and AI represents a significant leap forward.
Source: Mining Technology
The Rapid Rise of Blockchain Mini-Games
Blockchain-powered mini-games are capturing the attention of developers and players alike, thanks to their innovative use of tokenization and play-to-earn models. These games—smaller in scope but high in engagement—offer players real ownership of in-game assets and a chance to earn rewards.
The trend’s popularity stems from its low barrier to entry and appeal to casual gamers, signaling a shift in the gaming landscape. As blockchain gaming continues to evolve, mini-games are emerging as a powerful gateway to mainstream adoption.
Source: Crypto Times
Bybit and SignalPlus Announce $100,000 USDC Global Trading Showdown
Bybit and SignalPlus have teamed up to launch a global trading competition with a $100,000 USDC prize pool. The event aims to showcase advanced trading strategies while fostering community engagement within the crypto trading ecosystem.
Participants will compete across multiple trading challenges, highlighting the growing sophistication of crypto markets. This collaboration underscores the role of competitions in promoting market education and innovation.
Source: PR Newswire
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Blockchain Press Releases
Bybit Pledges RMB 5 Million to Support Relief Efforts Following Devastating Tibet Earthquake
DUBAI, UAE, Jan. 16, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is deeply saddened by the devastating earthquake that struck Tibet earlier this week, leaving a trail of destruction and heartache.
The tragedy has claimed at least 126 lives, injured 188 people, and displaced tens of thousands as over 3,000 buildings collapsed in the remote region near the northern base of Mount Everest. In response, Bybit is committing RMB 5 million in collaboration with the Red Cross Society of China (RCSC) to support critical relief and recovery efforts in the affected communities.
The 7.1-magnitude earthquake, which struck on January 7, has caused widespread devastation, with extreme winter conditions complicating rescue operations. More than 14,000 rescue workers have been mobilized to search for survivors amid sub-zero temperatures and strong winds, highlighting the urgent need for immediate aid.
“As a responsible global leader in the blockchain industry, Bybit is committed to standing with communities in their time of need,” said Helen Liu, Chief Operating Officer at Bybit. “Our thoughts are with the survivors, the rescue teams, and the families affected by this tragic event. We hope our contribution will help provide much-needed relief and support the road to recovery.”
The donation will be directed towards essential services, including emergency shelter, medical supplies, and food aid, as well as long-term rehabilitation efforts. Bybit is proud to partner with RCSC to ensure swift and impactful assistance to those in need.
At Bybit, we firmly believe in the power of compassion and collaboration. This contribution reflects our commitment to fostering resilience and hope in the face of adversity.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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DUBAI, UAE, Jan. 16, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, and SignalPlus, an innovative social trading platform aimed at democratizing options trading for digital and crypto assets, are excited to announce the Bybit x SignalPlus 2025 Global Trading Competition. With a staggering total prize pool of 100,000 USDC, this competition promises to be the ultimate stage for traders to showcase their skills and seize lucrative rewards.
From now until February 5, 2025, 8:00 AM UTC, the competition is open to all Bybit users—excluding residents of restricted jurisdictions.. This event invites participants to engage in options, spot, or futures trading for their chance to claim a share of the impressive prize pool.
“We are thrilled to partner with SignalPlus for the Bybit x SignalPlus 2025 Global Trading Competition,” said Joan Han, Sales & Marketing Director at Bybit. “This event reflects our commitment to fostering an active and vibrant trading community. Whether you’re a novice or a seasoned trader, this competition offers a platform to enhance your trading skills and earn exciting rewards.”
Chris Yu, CEO at SignalPlus, shared his enthusiasm: “Collaborating with Bybit reflects our unwavering commitment to empowering traders with cutting-edge tools and actionable insights. This competition is a unique opportunity for participants to showcase their trading expertise and be handsomely rewarded for their achievements.”
Competition Highlights
- 100,000 USDC Prize Pool: Compete for your share of a massive prize pool.
- Daily Rewards System: Win prizes daily, with rewards credited promptly to energize your next trades.
- Team Competition: The top four (4) teams will split a 7,300 USDC prize pool. Daily, one lucky team member will win a luxury 3-day, 2-night trip to Korea or its equivalent value in USDC.
- Individual Competition: The top 35 winners will share 7,702 USDC, with individual prizes ranging from 30 USDC to 2,000 USDC. Daily rankings and lucky draws offer opportunities to win up to 250 USDC.
- Daily Lucky Draw: Over 21 days, 129 winners will be chosen daily, ensuring that every trade counts toward exciting rewards.
- Special Bonuses: Link your Bybit API to SignalPlus for a 10 USDC rebate. Complete your first Options trade on SignalPlus to earn an additional 20 USDC rebate.
For more details on the Bybit x SignalPlus 2025 Global Trading Competition, please visit here: https://announcements.bybit.com/article/-bybit-x-signalplus-2025-global-trading-competition-returns-with-bigger-rewards-win-your-share-of-the-100-000-usdc-prize-pool–blt36f0435aff9e950f/
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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