Korea Federation of Small and Medium Enterprises said on the 11th that it held an "industry-specific seminar on responding to the expansion of Carbon Border Adjustment Mechanism (CBAM) to downstream products" for small and medium-sized exporters to the European Union (EU) and others.
CBAM is a system that imposes an expense equivalent to the internal carbon price on carbon-intensive products imported into the EU. The EU currently applies the system to six items, including steel and aluminum, and plans to expand it from 2028 to products that use these materials.
The seminar was prepared to provide related information and preparations so that small and medium-sized companies in related industries, such as metals, medical devices, and auto parts, that may be affected by the expansion of the regulations can respond proactively.
Shin Seorin, a senior researcher at the Korea Institute of Industrial Technology (KITECH), led the briefing. It covered not only an overview and recent trends of CBAM, but also criteria for determining whether downstream products are subject to the measure, methods for calculating carbon emissions, and step-by-step response strategies for manufacturing and exporting small and medium-sized companies.
A KBIZ official said, "The joint government working group that co-hosted this seminar plans to expand and operate briefings on responding to the EU CBAM," adding, "This will help domestic corporations build a foundation to respond to the new trade norms."