GS Global Takes Stake in Hushi Partners, Enters Carbon Credit Business

[Financial News] GS Global is taking an equity stake in Hushi Partners, a company specializing in carbon credits, and entering the carbon-credit business. It plans to secure certified reductions from external projects (KOCs) based on greenhouse gas reductions from existing businesses, including electric buses and renewable energy, and expand into carbon-credit trading and brokerage using those credits.
According to industry sources on the 20th, GS Global made an equity investment in Hushi Partners the previous day and established a strategic partnership. The specific investment amount and stake were not disclosed.
GS Global said the investment is intended to help it respond to the fourth planning period of the greenhouse gas emissions trading scheme (2026–2030), which began this year. During the fourth planning period, the total emissions cap will be reduced, and the share of paid allocations in the power generation sector will be gradually increased. GS Global plans to pursue carbon-credit acquisition and trading in line with these changes.
Through the investment, GS Global plans to leverage Hushi Partners’ expertise in developing carbon-credit methodologies and identifying and operating greenhouse gas reduction projects.
Founded in 2021, Hushi Partners develops carbon-credit methodologies, identifies and operates greenhouse gas reduction projects, and secures and forward-trades KOCs, among other activities. It secures emissions reductions resulting from the transition to electric vehicles, particularly in the transportation sector, and also operates a carbon emissions management platform and a consulting business for companies.
The programmatic reduction projects that Hushi Partners focuses on combine multiple individual reduction projects for registration and management. This approach allows administrative and verification procedures to be managed more efficiently than registering each project individually.
Hushi Partners’ revenue rose 16-fold, from KRW 200 million in 2024 to KRW 3.2 billion last year. Revenue this year is forecast at KRW 7.8 billion. After turning a net profit last year, the company is expected to post a net profit of about KRW 3.3 billion this year.
GS Global will also pursue greenhouse gas reduction projects linked to its existing businesses. It plans to identify projects in areas including the conversion of internal-combustion-engine vehicles to electric buses, renewable energy such as solar power, biomass, and resource recycling, then secure KOCs and turn them into revenue-generating businesses.
KOCs are credits for greenhouse gas emissions reductions achieved through external projects and certified by the government. Under South Korea’s emissions trading scheme, covered entities can convert them into offset credits (KCUs) and use them to meet their obligation to surrender emissions credits.
Overseas, GS Global plans to leverage its networks in steel, energy, and industrial materials to expand the development of carbon-reduction projects and secure contracts. The plan is to bring Hushi Partners’ project development and operating expertise to its overseas business.
A GS Global representative said, “Through our collaboration with Hushi Partners, we will strengthen our capabilities in securing and trading carbon credits and continue to expand the scope of our cooperation into carbon-reduction projects at home and abroad.”

[email protected] Kim Mi-hee Reporter