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Korean steel sector faces strain from carbon costs, steep tariffs

The Business Guardian

|

October 18, 2025

South Korea's steel industry, already under pressure from the United States’ and European Union's steep import tariffs and influx of cheap Chinese imports, is now facing another major blow, the soaring cost of carbon emission permit costs says a report by Pulse, the English service of Maeil Business Newspaper Korea.

- TBG NETWORK

Korean steel sector faces strain from carbon costs, steep tariffs

The two largest steelmakers alone are expected to incur about 3 trillion won (USD 2.1 billion) in additional costs over the next five years. According to multiple sources from the steel industry in Korea on Thursday, under the Korean government's allocation plan for the fourth phase of the Korean Emission Trading Scheme (K-ETS), which will be implemented from 2026 to 2030, major steelmakers POSCO and Hyundai Steel Co. are expected to pay around 600 billion won annually, or 3 trillion won in total over five years, for emission credits. Under the fourth plan, the government's total annual allocation of carbon credits to all companies will shrink from 580 million tons to 450 million tons, red

FLERE HISTORIER FRA The Business Guardian

The Business Guardian

The Business Guardian

Delhi Sharks Triumph at Tamil Nadu Open Trios Tenpin Bowling Tournament 2025

The Delhi Sharks clinched the championship title at the DAVE BABA VIDYALAYA Tamil Nadu Open Trios Tenpin Bowling Tournament 2025, held at Let's Bowl, Thoraipakkam, Chennai.

time to read

1 min

October 18, 2025

The Business Guardian

The Business Guardian

Stovekraft Launches ‘Tyohar Mera Style’ Campaign – A Fresh, Contemporary, Twist To Festive Celebrations

Stovekraft Ltd., one of India's leading kitchen appliance companies, has announced the launch of its festive campaign 'Tyohar Mera Style' for its flagship brand Pigeon Appliances.

time to read

1 min

October 18, 2025

The Business Guardian

The Business Guardian

TN HAS FORMED SPECIAL TEAMS TO MONITOR DRUG FIRMS AFTER INFANT DEATHS: MINISTER

The Minister was responding to a special calling attention moved by AIADMK Deputy Floor Leader R B Udhayakumar, Congress MLA Aassan Maulaana

time to read

2 mins

October 18, 2025

The Business Guardian

ED seizes Rs 2,385 cr crypto, arrests OctaFX Ponzi scam mastermind in Spain

Cryptocurrency worth Rs 2,385 crore has been attached under the anti-money laundering law and the Spanish “mastermind” of the alleged multi-crore OctaFX Ponzi scam has been arrested in that country, the Enforcement Directorate (ED) said on Friday.

time to read

1 min

October 18, 2025

The Business Guardian

The Business Guardian

Global Launch of Namaste Hindi Part-1: A Revolutionary Manual to learn Hindi for Non-Native speakers

In a landmark event at Instituto Cervantes Delhi, a pioneering Hindi learning manual Namaste Hindi Part-1 was unveiled before an international audience.

time to read

1 min

October 18, 2025

The Business Guardian

The Business Guardian

17th Annual Conference of IANR and 7th Annual Conference of SRS Begin in New Delhi

The 17th Annual Conference of the International Association of Neuro-restoratology (IANR), held jointly with the 7th Annual Conference of the Society of Regenerative Sciences (India), commenced today at The Ashok Hotel, Chanakyapuri, New Delhi.

time to read

1 min

October 18, 2025

The Business Guardian

The Business Guardian

Piyush Goyal seeks higher investment, strategy to draw premium tourists

Union Minister Piyush Goyal on Friday said that there is no better time than now to invest in India's hospitality sector, as the industry continues to perform strongly amid the country's growing economic momentum.

time to read

2 mins

October 18, 2025

The Business Guardian

The Business Guardian

Rajnath Singh marks Tejas Mk1A maiden flight at HAL

Defence Minister Rajnath Singh on Friday attended the event marking the maiden flight of cat the Aircraft Manufacturing division, Hindustan Aeronautics Limited (HAL).

time to read

1 mins

October 18, 2025

The Business Guardian

The Business Guardian

Bengaluru student arrested for allegedly raping junior on college campus

A 21-year-old student of BMS College of Engineering in Basavanagudi, South Bengaluru, has been arrested for allegedly raping his junior inside a men’s washroom on the college campus, police said on Friday.

time to read

1 mins

October 18, 2025

The Business Guardian

The Business Guardian

ADI BANGA, NOT 'WEST BENGAL': CORRECTING THE PARTITIONED WRONG AND RECLAIMING CIVILISATIONAL IDENTITY

Names are not neutral. They carry history, memory, and legitimacy.

time to read

5 mins

October 18, 2025

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