(Translated by https://www.hiragana.jp/)
Korea - Countries & Regions - IEA
The Wayback Machine - https://web.archive.org/web/20201205142011/https://www.iea.org/countries/korea

Korea

Korea’s energy sector is characterised by a dominance of fossil fuels, a strong dependence on energy imports, and the dominance of industrial energy use; the highest share among IEA countries in 2018. The high reliance on foreign energy has led Korea's energy policy to focus on security of supply.

Korea

Key energy statistics

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Key recommendations, 2020

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  • Make the Korean Electricity Commission the regulator of the electric power industry

    Strengthen the Commission’s responsibilities in areas such as setting tariffs and monitoring of the market, and reinforce staff capacities in line with its increased responsibilities.

  • Develop performance-driven regulatory frameworks

    In addition to the clean energy targets, create performance-driven regulatory frameworks for energy efficiency and renewable energy deployment. In order to attract and facilitate investments in clean energy with new business opportunities, also develop regulatory frameworks for competitive energy and gas markets.

  • Ensure that the energy taxation of all fuels reflect their external costs

    To accelerate the switch to lower emission technologies, warrant that taxation of fuels reflects their external costs, including carbon content and air pollution.

  • Support efficient infrastructure deployment

    Ensure the roll-out of infrastructure to support the clean mobility targets.

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