[I blame Michele Bachmann]: Korea: Business up in arms over 'cap and trade' market

The business community is voicing its opposition to an early introduction of carbon emissions trading, claiming that it hurts their competitiveness.

``Forcing firms to buy carbon permits to cover their emissions output will surely bring competitive disadvantage to our industrial edge,’’ Lee Dong-keun, executive vice chairman at the Korea Chamber of Commerce and Industry (KCCI), told reporters, Monday, at a news conference in downtown Seoul.