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S. Korean Steelmakers Seek Extension of Grace Period for EU’s Carbon Tax

S. Korean Steelmakers Seek Extension of Grace Period for EU’s Carbon Tax

SEOUL, June 20 (Korea Bizwire) — South Korean steelmakers asked the government Tuesday to persuade the European Union to allow domestic carbon emission calculation methods for a longer period of time ahead of the full implementation of its new carbon border tax. The EU announced the new carbon-pricing system of the Carbon Border Adjustment Mechanism [...]

South Korea to waive surtax on emission rights trading starting in Feb.

SEJONG, Dec. 30 (Korea Bizwire) – The government is moving to waive the levying of surtaxes on emission rights trading starting in February to reduce the burden on companies and fuel the growth of related eco-friendly industries, the finance ministry said Tuesday. It said a decision has been made to include emission rights on the [...]