KB Securities Signs Business Agreement with Marina Chain to Support Shipping Industry's Entry into EU Carbon Emission Trading Market

KB Securities announced on the 18th that it has signed a business agreement with MarinaChain to support the entry of the Korean shipping industry into the European Union (EU) carbon emissions trading market.

MarinaChain is a technology company leading the digital transformation of the shipping industry, specializing in maritime logistics ESG (Environmental, Social, and Governance). Through AI-based solutions, it supports efficient tracking and management of ships' carbon emissions.

In particular, it provides data collection, verification, and reporting functions optimized for the EU Emissions Trading System (ETS), significantly simplifying the carbon emissions management process for shipping companies. Additionally, MarinaChain offers a one-stop solution for managing and reporting ships' carbon emissions, helping shipping companies comply with the EU's carbon regulations.

Based on MarinaChain's technological foundation, KB Securities plans to combine its financial expertise to help shipping companies maximize the use of carbon financial products. The two companies will collaborate on ▲emissions management for shipping companies ▲brokerage and operation ▲risk hedge-related consulting. Furthermore, they plan to expand not only into the EU carbon emissions trading market but also into the domestic carbon emissions market and eco-friendly energy sectors such as biofuels.

Through this, shipping companies will be supported to respond more swiftly to the increasingly stringent carbon emissions regulations strengthened by the EU carbon emissions management, and data analysis services will be provided to enable efficient carbon emissions management.

Moreover, shipping companies are expected to have an important opportunity to flexibly respond to various carbon emissions regulations through future cost reductions and sustainable shipping systems, achieving long-term carbon neutrality goals and advancing toward a sustainable shipping industry.

Heo Pil-seok, Head of Trading Division at KB Securities, said, "As an ESG-leading company, KB Securities is expected to play a leading role in the efficient carbon emissions management of shipping companies and the response of domestic companies to carbon emissions regulations and carbon neutrality through carbon financial products."