Samsung Electronics continues to drive innovation forward in its industry, this time creating a new material that will recycle ocean-related plastics in its full line of Galaxy phones, as announced in a press release on Samsung’s website.
The South Korean company will transform discarded ocean-bound fishing nets into plastics that will debut in their new Galaxy products and eventually make their way into the full range of phones.
“These devices will reflect our continued efforts to eliminate single-use plastics and expand the use of other environmentally friendly materials, such as post-consumer recycled materials (PCM) and recycled paper. With this transformation, the “Future of Galaxy technology will bring cutting-edge product design and better environmental impact,” the company writes.
There are currently over 640,000 tonnes of fishing nets that are thrown or left in the ocean each year, which can trap marine life, damage coral reefs and ultimately cross our sources of water and food. By collecting and repurposing fishing nets, Samsung is able to make a visible contribution to improving the environment while creating sustainable products.
“Reusing ocean-bound plastics is just the first step in our collective mission to tackle the climate crisis, and Samsung looks forward to using our scale, innovation and open collaboration to discover additional solutions,” writes Samsung.
Investing in Emerging Markets Innovation Outside China with KEMX
For investors looking to capture the innovation and growth of large- and mid-cap companies in emerging markets, but who already have a separate China allocation or are looking to avoid exposure to China, the KraneShares MSCI Emerging Markets ex-China Index ETF (KEMX) is a good solution.
KEMX seeks to track the MSCI Emerging Markets ex-China Index, a free float-adjusted, market capitalization-weighted index that includes large and mid capitalization companies from emerging markets, excluding Chinese issuers. The titles contained are in the top 85% of their emerging market.
To determine the country of a security, where it is incorporated and where it is listed are considered first. For securities that have a primary listing outside the country in which they are incorporated, all secondary listings, geographic location of shareholders and operations, location of head office, history, and country that investors associate with the sender are all taken into account.
Samsung has a 5.87% weighting in the fund.
KEMX has an expense ratio of 0.23% with fee waivers expiring August 1, 2022.
For more news, insights and strategy, visit the China Insights channel.