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2026.05.15
12

Is K-GX Legislation Ready?

Authors:
Is K-GX Legislation Ready?
As South Korea advances its K-GX (Korea Green Transformation) strategy to accelerate industrial decarbonization, related legislation is emerging as a key policy issue. This report examines the “Carbon Neutral Industry Act,” often referred to as the legal foundation of K-GX, and analyzes its institutional limitations and legislative challenges.

Drawing lessons from the “Special Act on Materials, Parts and Equipment,” the report reviews issues including overlaps with the “Green Transition Act,” the need for linked tax legislation, and the effectiveness of the Carbon Contracts for Difference (CCfD) scheme. It also proposes policy and legislative recommendations for strengthening Korea’s industrial decarbonization framework.

  • Reviews the background of the K-GX strategy and the current status of the “Carbon Neutral Industry Act” and the “Green Transition Act”

  • Examines overlaps in policy scope and funding structures between industrial decarbonization bills

  • Draws legislative implications from the “Special Act on Materials, Parts and Equipment”

  1. Legal designation framework for support targets

  2. Package-based support models built on industrial cooperation

  3. Supply chain and trade crisis response mechanisms

  • Analyzes the need for linked amendments to the Restriction of Special Taxation Act and related tax incentive structures

  • Reviews institutional design, funding mechanisms, and operational principles for Carbon Contracts for Difference (CCfD)

  • Suggests legislative and policy improvements for advancing the K-GX strategy

    *Available in Korean only.

    The full Korean-language publication can be accessed through the Korean website.

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