Korea Federation of SMEs Holds 'Joint Government Briefing on EU-CBAM Response for SMEs'

On the 30th, the Korea Federation of SMEs held a 'Joint Government Briefing on EU-CBAM Response for SMEs' at the Federation of SMEs in Yeouido, targeting over 350 employees of SMEs exporting to the EU, together with government ministries and related agencies including the Ministry of Trade, Industry and Energy, Ministry of Environment, Ministry of SMEs and Startups, and Korea Customs Service.

This briefing was organized to raise awareness and strengthen the response capabilities of SMEs regarding the EU-CBAM (Carbon Border Adjustment Mechanism), as a survey conducted by the Federation of SMEs in September last year revealed that only 21.7% of SMEs were aware of CBAM, and 54.9% had no response plans.

The joint briefing consolidates individual briefings previously held by each ministry and agency, focusing on regions with many companies affected by EU-CBAM. Additional briefings are scheduled for the second half of the year in July in the Chungcheong region and in November in the Seoul metropolitan area.

The briefing centered on report preparation training, including ▲CBAM emission calculation methods ▲practical exercises on CBAM emission calculation and template preparation, aimed at SMEs lacking experience in calculating carbon emissions. It also included ▲case studies of companies excelling in CBAM response ▲and guidance on CBAM support projects by each agency.

Senior Researcher Seoyeon Jeong of SeAH Besteel, a steel company who presented a case study of an excellent CBAM response company, stated, “Since manufacturing supply chains are interconnected, sustainable growth strategies require win-win cooperation between large corporations and SMEs for comprehensive carbon management.”

Yang Chan-hoe, Head of the Innovation Growth Division at the Korea Federation of SMEs, said, “SMEs still have a low level of awareness about EU-CBAM, and there is high demand for support policies such as education and emission consulting, which is why this briefing was held. To strengthen SMEs’ capabilities in carbon neutrality response, it is necessary to develop support projects centered on organized industry groups rather than individual company responses.”

Meanwhile, the Korea Federation of SMEs is recruiting associations and organizations to participate in the 'Support Project for Fostering Leading SMEs by Industry and Toolkit for ESG Management' by June 7, which aims to help SMEs easily reference and apply carbon neutrality and ESG management practices and information disclosure by industry in the field.

This content was produced with the assistance of AI translation services.