The cause of the delay is widespread opposition from business groups, according to a report by the Reuters News service.
The story by reporter Ju-min Park quotes Park Chun-kyoo, general director of the Presidential Green Growth Committee, as saying the government in Seoul is "still in discussions with the industry side and trying to find a common ground".
The draft bill has exchange-base emissions trading scheme slated to start in 2013. New Zealand is the only other country in the region to have considered -- and adopted -- such measures.
According to Reuters, 18business groups including the Korea Chamber of Commerce & Industry and the Korea Iron & Steel Association filed a petition urging the government to wait as similar efforts in competitors in the United States, China, Japan and Australia have stalled or delayed.
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