Asia Pacific > Asia > US trade court backs Commerce Dept. in South Korea ETS subsidy dispute

US trade court backs Commerce Dept. in South Korea ETS subsidy dispute

Published 13:24 on October 3, 2025 / Last updated at 13:27 on October 3, 2025 / / Americas (US & Canada), Asia Pacific (Asia, Compliance Markets & Taxes)

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A US trade court has upheld a Commerce Department determination that South Korea’s full free allocation of emissions allowances under its national carbon market constitutes a ‘de facto specific’ subsidy, rejecting a challenge by Hyundai Steel over the way the agency measured the benefit’s distribution.
A US trade court has upheld a Commerce Department determination that South Korea’s full free allocation of emissions allowances under its national carbon market constitutes a ‘de facto specific’ subsidy, rejecting a challenge by Hyundai Steel over the way the agency measured the benefit’s distribution.


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