South Korea’s finance of ‘green’ palm oil drives destruction in Indonesia
Main photo: young oil palms await planting on land deforested by South Korea’s Korindo in the Indonesian province of Papua (Image: Mighty Earth)
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.