[SMM Steel] South Korea funds SME tech to meet CBAM rules

Published: May 5, 2026 17:39

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[SMM Steel] South Korea launched a KRW 99.4bn ($73m) R&D program to help SMEs in steel and aluminum adapt to CBAM and global carbon rules. Led by the Ministry of SMEs and Startups and Korea Technology and Information Promotion Agency for SMEs, the scheme offers up to KRW 5.5bn per project for 3–5 years, supporting fuel switching, energy efficiency, and recycling, with real-site testing. The program runs to 2030, aiming to maintain export competitiveness.

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