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Amid rising optimism about the Korean economy, South Korea's semiconductor manufacturers are still slashing funds for upgrading factories.
But industry experts say the heavy cost of upgrading factories and power plants to comply with the regulations, which could reach $15 billion by the time they're enacted in 2025, according to EPA estimates, would hurt the economy and destroy jobs.
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When PepsiCo recently bought a major Russian beverage company and promised to upgrade factories, that, too, was an example.
Mr. Walker says he spent around $20 a square foot to buy and upgrade factories from bankrupt auto suppliers, about one-fifth of the cost of new buildings.
The loans will help the company upgrade factories in five Midwest states to produce fuel-efficient cars.
Intel announced this morning that it would be investing billions to upgrade factories in Arizona and to build a new factory in Oregon.
On Monday, she attended the meeting that the German Agency for International Cooperation had called to help upgrade factory safety in Bangladesh.
He said that upgrading the factories' safety would cost a small fraction of what Walmart and other retailers pay for the clothing they import from Bangladesh each year.
Hynix's debt has prevented it from upgrading its factories.
The Worker Rights Consortium estimates that the costs of upgrading Bangladesh factories could run as little as 10 cents per article of clothing.
There are now plans to expand the program to provide advice to another 200 textile makers on ways to upgrade their factories.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com