Page 10 - கூட்டமைப்பு ஆஃப் கொரியன் தொழில்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

EU climate package stirs Korean industry Who are the winners and losers? The European Union’s sweeping plans, announced Wednesday, to cut emissions are expected to hurt South Korea’s steel and other carbon-intensive industries, experts and industry officials said Thursday. The EU announced a comprehensive climate package that revolves around three key proposals: imposing tariffs on carbon-intensive imports starting 2026; banning the sales of cars running on fossil fuels starting 2035; and forcing clean fuel in the aviation and maritime sectors. What caught the most attention here was the tariff plan, more commonly referred to as the carbon border tax. The Federation of Korean Industries, a major business lobby, warned of its impact on local firms, saying that “the policy is practically a tariff hike on imports.”

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