Sri Lanka, March 17 -- South Korean company Kiuda has formed a joint venture with Sri Lankan Tech Startup Xeptagon for a carbon exchange to link local companies with global players making a historic change to the Sri Lankan Climate Finance segment

"South Korean investors have set up Kiuda Digital Holdings in Sri Lanka to operate the Carbon Credit Exchange to provide financial benefits to Sri Lankan companies," said CEO of Kiuda Carbon Exchange, Richard Yoon.

"The global carbon market is going to be a multi-billion industry in a couple of years. (Expected to be valued at around USD 300 billion by 2030.)

"KiudaEX is using the latest technology and we are well-positioned to be a market leader in South Korea, Japan, and globally. Our excha...