{"id":2207547,"date":"2024-12-17T08:00:34","date_gmt":"2024-12-16T23:00:34","guid":{"rendered":"https:\/\/koreapro.org\/?p=2207547"},"modified":"2024-12-16T15:37:20","modified_gmt":"2024-12-16T06:37:20","slug":"south-korea-pushes-back-against-eus-carbon-border-adjustment-rules","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/","title":{"rendered":"South Korea pushes back against EU\u2019s carbon border adjustment rules"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea\u2019s trade ministry has <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/169931\/view?mno=&amp;pageIndex=1&amp;rowPageC=0&amp;displayAuthor=&amp;searchCategory=0&amp;schClear=on&amp;startDtD=&amp;endDtD=&amp;searchCondition=1&amp;searchKeyword=#\"><span style=\"font-weight: 400;\">called for revisions<\/span><\/a><span style=\"font-weight: 400;\"> to the European Union\u2019s Carbon Border Adjustment Mechanism (CBAM), set to fully launch in 2026, warning it could impose undue burdens on exporters. In a letter to Wopke Hoekstra, the EU\u2019s new commissioner for climate and clean growth, trade minister Ahn Duk-geun stressed the need for \u201cfair and non-discriminatory\u201d implementation, citing concerns about compliance costs and data transparency for non-EU companies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The ministry has been in talks with the EU since 2021, pushing for protections for exporters, including streamlined emissions reporting and safeguards for sensitive corporate data. During CBAM\u2019s transitional phase, which began in Aug. 2023, the EU allowed exporters to <\/span><a href=\"https:\/\/taxation-customs.ec.europa.eu\/carbon-border-adjustment-mechanism_en\"><span style=\"font-weight: 400;\">submit emissions data directly<\/span><\/a><span style=\"font-weight: 400;\"> to EU authorities, reflecting some of South Korea\u2019s proposals.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">CBAM\u2019s impact on South Korean small and medium-sized enterprises (SMEs) could be severe. These firms, often suppliers to larger chaebol companies, face significant hurdles in complying with stringent emissions reporting and verification rules. Many SMEs <\/span><a href=\"https:\/\/koreapro.org\/2023\/07\/south-korea-struggles-to-adapt-to-europes-new-emission-rules\/\"><span style=\"font-weight: 400;\">lack resources<\/span><\/a><span style=\"font-weight: 400;\"> to calculate their carbon footprints or upgrade production processes, and they risk losing contracts or being priced out of the EU market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As larger exporters scramble to meet EU requirements, they may push compliance costs downstream, forcing SMEs to disclose emissions data or adopt costly carbon reduction measures. Without adequate government or financial support, these smaller firms face a daunting competitive disadvantage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The EU market accounts for a major share of South Korea\u2019s exports in carbon-intensive sectors like steel, chemicals and electronics. These industries are particularly vulnerable due to their energy-intensive production processes and reliance on global supply chains.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/inter-korean-foreign-relations\/\"><span class=\"tag\">Inter-Korean &amp; Foreign Relations<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s trade ministry has called for revisions to the European Union\u2019s Carbon Border Adjustment Mechanism (CBAM), set to fully launch in 2026, warning it could impose undue burdens on exporters. In a letter to Wopke Hoekstra, the EU\u2019s new commissioner for climate and clean growth, trade minister Ahn Duk-geun stressed the need for \u201cfair [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2207548,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"class_list":["post-2207547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-inter-korean-foreign-relations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea pushes back against EU\u2019s carbon border adjustment rules - Korea Pro<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea pushes back against EU\u2019s carbon border adjustment rules - Korea Pro\" \/>\n<meta property=\"og:description\" content=\"South Korea\u2019s trade ministry has called for revisions to the European Union\u2019s Carbon Border Adjustment Mechanism (CBAM), set to fully launch in 2026, warning it could impose undue burdens on exporters. In a letter to Wopke Hoekstra, the EU\u2019s new commissioner for climate and clean growth, trade minister Ahn Duk-geun stressed the need for \u201cfair [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/\" \/>\n<meta property=\"og:site_name\" content=\"Korea Pro\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-16T23:00:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-16T06:37:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/12\/eb-12.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1870\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/628fb985625ed7bb2c475bed33f6445f\"},\"headline\":\"South Korea pushes back against EU\u2019s carbon border adjustment rules\",\"datePublished\":\"2024-12-16T23:00:34+00:00\",\"dateModified\":\"2024-12-16T06:37:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/\"},\"wordCount\":276,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/12\/eb-12.png\",\"keywords\":[\"Business &amp; Economy\",\"Inter-Korean &amp; Foreign Relations\"],\"articleSection\":[\"Briefings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/\",\"url\":\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/\",\"name\":\"South Korea pushes back against EU\u2019s carbon border adjustment rules - Korea Pro\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/12\/eb-12.png\",\"datePublished\":\"2024-12-16T23:00:34+00:00\",\"dateModified\":\"2024-12-16T06:37:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#primaryimage\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/12\/eb-12.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/12\/eb-12.png\",\"width\":1870,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/koreapro.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South Korea pushes back against EU\u2019s carbon border adjustment rules\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/koreapro.org\/#website\",\"url\":\"https:\/\/koreapro.org\/\",\"name\":\"Korea Pro\",\"description\":\"Be smart about South Korea. Up-to-date analysis on foreign relations, politics, society and economy. Made by the producers of NK PRO and NK News.\",\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/koreapro.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/koreapro.org\/#organization\",\"name\":\"Korea Pro\",\"url\":\"https:\/\/koreapro.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2022\/11\/logo.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2022\/11\/logo.png\",\"width\":360,\"height\":50,\"caption\":\"Korea Pro\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/nknewsorg\/\",\"https:\/\/x.com\/southkoreapro\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"South Korea pushes back against EU\u2019s carbon border adjustment rules - Korea Pro","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/","og_locale":"en_US","og_type":"article","og_title":"South Korea pushes back against EU\u2019s carbon border adjustment rules - Korea Pro","og_description":"South Korea\u2019s trade ministry has called for revisions to the European Union\u2019s Carbon Border Adjustment Mechanism (CBAM), set to fully launch in 2026, warning it could impose undue burdens on exporters. In a letter to Wopke Hoekstra, the EU\u2019s new commissioner for climate and clean growth, trade minister Ahn Duk-geun stressed the need for \u201cfair [&hellip;]","og_url":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/","og_site_name":"Korea Pro","article_publisher":"https:\/\/www.facebook.com\/nknewsorg\/","article_published_time":"2024-12-16T23:00:34+00:00","article_modified_time":"2024-12-16T06:37:20+00:00","og_image":[{"width":1870,"height":1000,"url":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/12\/eb-12.png","type":"image\/png"}],"author":"johnleenknews","twitter_card":"summary_large_image","twitter_creator":"@southkoreapro","twitter_site":"@southkoreapro","twitter_misc":{"Written by":"KOREA PRO","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#article","isPartOf":{"@id":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/"},"author":{"name":"johnleenknews","@id":"https:\/\/koreapro.org\/#\/schema\/person\/628fb985625ed7bb2c475bed33f6445f"},"headline":"South Korea pushes back against EU\u2019s carbon border adjustment rules","datePublished":"2024-12-16T23:00:34+00:00","dateModified":"2024-12-16T06:37:20+00:00","mainEntityOfPage":{"@id":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/"},"wordCount":276,"publisher":{"@id":"https:\/\/koreapro.org\/#organization"},"image":{"@id":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#primaryimage"},"thumbnailUrl":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/12\/eb-12.png","keywords":["Business &amp; Economy","Inter-Korean &amp; Foreign Relations"],"articleSection":["Briefings"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/","url":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/","name":"South Korea pushes back against EU\u2019s carbon border adjustment rules - Korea Pro","isPartOf":{"@id":"https:\/\/koreapro.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#primaryimage"},"image":{"@id":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#primaryimage"},"thumbnailUrl":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/12\/eb-12.png","datePublished":"2024-12-16T23:00:34+00:00","dateModified":"2024-12-16T06:37:20+00:00","breadcrumb":{"@id":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#primaryimage","url":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/12\/eb-12.png","contentUrl":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/12\/eb-12.png","width":1870,"height":1000},{"@type":"BreadcrumbList","@id":"https:\/\/koreapro.org\/2024\/12\/south-korea-pushes-back-against-eus-carbon-border-adjustment-rules\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/koreapro.org\/"},{"@type":"ListItem","position":2,"name":"South Korea pushes back against EU\u2019s carbon border adjustment rules"}]},{"@type":"WebSite","@id":"https:\/\/koreapro.org\/#website","url":"https:\/\/koreapro.org\/","name":"Korea Pro","description":"Be smart about South Korea. Up-to-date analysis on foreign relations, politics, society and economy. Made by the producers of NK PRO and NK News.","publisher":{"@id":"https:\/\/koreapro.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/koreapro.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/koreapro.org\/#organization","name":"Korea Pro","url":"https:\/\/koreapro.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/koreapro.org\/#\/schema\/logo\/image\/","url":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2022\/11\/logo.png","contentUrl":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2022\/11\/logo.png","width":360,"height":50,"caption":"Korea Pro"},"image":{"@id":"https:\/\/koreapro.org\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/nknewsorg\/","https:\/\/x.com\/southkoreapro"]}]}},"_links":{"self":[{"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/posts\/2207547"}],"collection":[{"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/users\/10407"}],"replies":[{"embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/comments?post=2207547"}],"version-history":[{"count":1,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/posts\/2207547\/revisions"}],"predecessor-version":[{"id":2207549,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/posts\/2207547\/revisions\/2207549"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/media\/2207548"}],"wp:attachment":[{"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/media?parent=2207547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/categories?post=2207547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/tags?post=2207547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}