GS Global Takes Stake in Hushi Partners... Launches Full-Scale Carbon Credit Business

Turn emissions reductions into carbon credits and expand trading and brokerage business
Seek synergies with existing businesses, including electric buses and renewable energy

GS Global is investing in Hushi Partners, a company specializing in carbon credits, and making a full-scale entry into the carbon credit business. The company plans to turn greenhouse gas emission reductions generated by its existing eco-friendly businesses into carbon-credit assets and expand into trading and brokerage by leveraging its global network.

GS Global and Hushi Partners sign a strategic investment agreement. GS Global

GS Global said on October 19 that it had invested in Hushi Partners and established a foundation for strategic cooperation.

The investment is aimed at responding to the Fourth Emissions Trading Scheme, which took effect this year and runs from 2026 to 2030. As companies face a growing burden to secure emissions credits amid cuts to the total emissions cap, expanded paid allocations, and stricter global carbon regulations, GS Global plans to develop carbon credits into a new growth driver.

Founded in 2021, Hushi Partners handles the entire process, from developing carbon-credit methodologies and identifying and operating greenhouse gas reduction projects to securing and trading Korean Offset Credits (KOCs). It focuses in particular on transportation projects that generate greenhouse gas emission reductions by replacing internal-combustion-engine vehicles with electric vehicles.

Hushi Partners' revenue rose from 200 million won in 2024 to 3.2 billion won last year. It is projected to reach 7.8 billion won this year. The company returned to net profit last year, and its net profit is expected to reach about 3.3 billion won this year.

With this investment, GS Global plans to strengthen ties between its existing eco-friendly businesses and its carbon credit business. It aims to develop a business model that identifies greenhouse gas emission reductions from projects such as replacing internal-combustion-engine vehicles with electric buses, as well as renewable energy projects including solar power, biomass, and resource-circulation businesses; converts those reductions into KOCs; and supplies them to buyers in Korea and overseas.

GS Global also plans to expand its overseas business. By combining its network of overseas customers in the steel, energy, and industrial materials sectors with Hushi Partners' carbon reduction technology, the company plans to identify and win carbon reduction projects for overseas customers.

A GS Global official said, "This investment is intended to gain a foothold in a new growth area by entering the expanding carbon credit market ahead of time. Through cooperation with Hushi Partners, we will strengthen our capabilities in securing and trading carbon credits and continue to expand the scope of our cooperation in carbon reduction projects in Korea and overseas." The official added, "We will identify carbon credit business opportunities that can be developed in various industries and strengthen our role as a platform to support them."

This content was produced with the assistance of AI translation services.