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South Korea Plans Carbon Law as Companies Oppose $5 Billion Cost

South Korea aims to pass a law this year to help start carbon dioxide emissions trading by 2015, a plan opposed by manufacturers who say it will increase costs and make exports less competitive globally.

The National Assembly is expected to pass by December a bill for the proposed emission trading scheme, or ETS, Park Chun Kyoo, director general of the Presidential Committee on Green Growth overseeing climate change policy, said in an interview.