[SMM Aluminum Flash News] South Korea Boosts SME R&D to Cut Carbon Exposure Under CBAM Pressure

Published: May 5, 2026 10:14

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South Korea’s Ministry of SMEs and Startups, together with TIPA, has launched the “2026 Carbon Reduction R&D for Core Export Items” project, focusing on developing carbon reduction technologies for high-emission products such as aluminium and steel to address CBAM-related cost pressures. The project, open for applications in May, covers fuel substitution, process optimisation and resource recycling, with support for real-world implementation and verification. Running until 2030 with a total budget of about USD 73 million, the initiative aims to enhance SMEs’ export competitiveness under tightening global carbon regulations.

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