The European Union's Carbon Border Adjustment Mechanism (CBAM) officially took effect this year, prompting the South Korean government to enhance support for domestic exporters. Various government agencies will provide guidance on carbon emissions calculation and verification methods, while also assisting small and medium-sized enterprises (SMEs) with the costs of related measurement equipment and verification.
On September 2, the government announced that it will hold the '2026 13th Joint Government Briefing on EU CBAM Response' at the Cheonma Art Center of Yeungnam University in Gyeongsan, in collaboration with the Ministry of SMEs and Startups, the Ministry of Trade, Industry and Energy, the Ministry of Climate, Energy and Environment, and the Korea Customs Service.
The CBAM, which began implementation this year, was introduced by the EU to prevent carbon leakage in its domestic industries. It requires the calculation and reporting of carbon emissions generated during the production of certain imported goods, along with the payment of carbon costs. Currently, it applies to six products: steel, aluminum, cement, fertilizers, electricity, and hydrogen.
The transition period, which started in October 2023, ended last year, marking the beginning of the definitive period in January. As a result, domestic exporters must now understand and apply the relevant regulations regarding carbon emissions calculation and verification.
The briefing will consist of two sessions: 'Understanding the CBAM System' and 'Sharing Practical Cases.' The first session will cover key aspects of the definitive period, response strategies, methods for calculating carbon emissions, and verification responses. The second session will share examples of how SMEs exporting to the EU have established their CBAM response systems and improved their export performance.
In addition to the briefing, the government is actively supporting companies in their CBAM compliance efforts. Last month, it conducted five sessions of theoretical training, allowing SME employees to practice calculating carbon emissions directly.
Support is also available for SMEs exporting CBAM-targeted products to establish carbon emissions measurement equipment and cover verification costs. Companies interested in participating in the 'SME CBAM Response Infrastructure Development Project' can apply until the 15th.
Furthermore, the government is providing consulting services by visiting production sites to assess emissions from CBAM-targeted products and has established dedicated consultation channels for businesses.
The government plans to monitor developments in the EU's regulatory framework, including potential expansions of the CBAM's scope, and will continue discussions with EU officials to alleviate the burden on domestic companies.
On September 2, the government announced that it will hold the '2026 13th Joint Government Briefing on EU CBAM Response' at the Cheonma Art Center of Yeungnam University in Gyeongsan, in collaboration with the Ministry of SMEs and Startups, the Ministry of Trade, Industry and Energy, the Ministry of Climate, Energy and Environment, and the Korea Customs Service.
The CBAM, which began implementation this year, was introduced by the EU to prevent carbon leakage in its domestic industries. It requires the calculation and reporting of carbon emissions generated during the production of certain imported goods, along with the payment of carbon costs. Currently, it applies to six products: steel, aluminum, cement, fertilizers, electricity, and hydrogen.
The transition period, which started in October 2023, ended last year, marking the beginning of the definitive period in January. As a result, domestic exporters must now understand and apply the relevant regulations regarding carbon emissions calculation and verification.
The briefing will consist of two sessions: 'Understanding the CBAM System' and 'Sharing Practical Cases.' The first session will cover key aspects of the definitive period, response strategies, methods for calculating carbon emissions, and verification responses. The second session will share examples of how SMEs exporting to the EU have established their CBAM response systems and improved their export performance.
In addition to the briefing, the government is actively supporting companies in their CBAM compliance efforts. Last month, it conducted five sessions of theoretical training, allowing SME employees to practice calculating carbon emissions directly.
Support is also available for SMEs exporting CBAM-targeted products to establish carbon emissions measurement equipment and cover verification costs. Companies interested in participating in the 'SME CBAM Response Infrastructure Development Project' can apply until the 15th.
Furthermore, the government is providing consulting services by visiting production sites to assess emissions from CBAM-targeted products and has established dedicated consultation channels for businesses.
The government plans to monitor developments in the EU's regulatory framework, including potential expansions of the CBAM's scope, and will continue discussions with EU officials to alleviate the burden on domestic companies.
* This article has been translated by AI.
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