South Korea Power Market Outlook to 2035, Update 2024 - Market Trends, Regulations, and Competitive Landscape
Summary
This report discusses the power market structure of South Korea and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. Detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. An analysis of the deals in the country’s power sector is also included in the report.
Scope
- Snapshot of the country’s power sector across parameters - macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
- Statistics for installed capacity, generation, and consumption from 2010 to 2022, and forecast for the next 13 years to 2035
- Capacity, generation, and major power plants by technology
- Data on leading active and upcoming power plants
- Information on transmission and distribution infrastructure, and electricity imports and exports
- Policy and regulatory framework governing the market
- Detailed analysis of top market participants, including market share analysis and SWOT analysis
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
- Identify key factors driving investment opportunities in the country’s power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development avenues
- Identify key strengths and weaknesses of important market participants
- Respond to your competitors’ business structure, strategy, and prospects
- 1 Executive Summary
- 1.1 Nuclear Power will achieve its target of 32.4% power generation by 2030.
- 1.2 South Korea will lag behind its target of 21.6% from renewable power generation in 2030.
- 2 Introduction
- 2.1 South Korea Power Market
- 2.2 GlobalData Report Guidance
- 3 South Korea Power Market, Snapshot
- 3.1 Country Summary
- 3.2 Macroeconomic Factors
- 3.3 Supply Security
- 3.4 Opportunities
- 3.5 Challenges
- 3.6 Geopolitical Crisis
- 4 South Korea Power Market, Market Analysis
- 4.1 Market Structure
- 4.2 Key Market Players
- 4.3 Financial Deals
- Deal Value and Volume, 2015–2023
- Deals by Type, 2023
- 4.4 South Korea Power Market, Demand Structure
- Power Consumption by Sector, 2023
- 5 South Korea Power Market, Regulatory Scenario
- 5.1 Renewable Energy Market, Overview
- 5.2 Policy Snapshot
- 5.3 Renewable Energy Targets
- 5.4 Green Growth Policy
- 5.5 New Deal 2.0
- Green New Deal
- 5.6 Tenth Basic Plan, 2024 – 2038
- 5.7 Third Energy Master Plan 2019–2040
- 5.8 Renewable Portfolio Standard (RPS)
- 5.9 Renewable Energy Certificates (REC)
- 5.1 Fixed price contract bidding system
- 5.11 Korea Renewable Energy 3020 Plan
- 5.12 Auctions
- 5.13 Hydrogen Energy
- 5.14 Tax Audit Exemption
- 5.15 Mandatory Use of Renewable Energy for Public Buildings
- 5.16 K-RE100 Scheme
- 6 South Korea Power Market, Capacity and Generation
- 6.1 Cumulative Capacity by Technology, 2023
- 6.2 Total Power Capacity and Generation, 2015–2035
- 6.3 Thermal Power Capacity and Generation, 2015–2035
- 6.4 Hydropower Capacity and Generation, 2015–2035
- 6.5 Nuclear Power Capacity and Generation, 2015–2035
- 6.6 Renewable Power Capacity and Generation, 2015–2035
- 7 South Korea Power Market, Transmission and Distribution Overview
- 7.1 Transmission Network
- 7.2 Distribution Network
- 7.3 Electricity Trading
- 8 South Korea Power Market, Major Generating Companies
- 8.1 Korea Hydro & Nuclear Power Co Ltd
- Company Overview
- 8.2 POSCO Energy Co Ltd
- Company Overview
- Business Description
- 8.3 Korea Western Power Co Ltd (KOWEPO)
- Company Overview
- 8.4 Korea Southern Power Co Ltd (KOSPO)
- Company Overview
- Business Description
- 9 Appendix
- 9.1 Abbreviations
- 9.2 Methodology
- Coverage
- Secondary Research
- Primary Research
- Modelling and Forecasting
- 10 About GlobalData
- 11 Contact Us
- List of Tables
- Table 1: Power Market, South Korea, Macroeconomic Factors, 2015–2030
- Table 2: Policy Snapshot, South Korea, 2023
- Table 3: Generation Plan by Technology, 10th Basic Plan, South Korea, 2030-36
- Table 4: Generation Target/Forecast for select technologies, 10th Basic Plan, South Korea, 2022-30
- Table 5: Renewable Portfolio Standards, South Korea, Targets (%), 2016–2026
- Table 6: REC Weighting Scheme Details
- Table 7: K-RE100 Scheme
- Table 8: Power Market, South Korea, Cumulative Capacity and Annual Generation, 2015–2035
- Table 9: Power Market, South Korea, Cumulative Capacity and Annual Generation Share by Technology, 2015–2035
- Table 10: Thermal Power Market, South Korea, Cumulative Capacity and Annual Generation, 2015–2035
- Table 11: Thermal Power Market, South Korea, Major Plants, 2023
- Table 12: Hydropower Market, South Korea, Cumulative Capacity and Annual Generation, 2015–2035
- Table 13: Hydropower Market, South Korea, Major Plants, 2023
- Table 14: Nuclear Power Market, South Korea, Cumulative Capacity and Annual Generation, 2015–2035
- Table 15: Hydropower Market, South Korea, Major Plants, 2023
- Table 16: Renewable Power Market, South Korea, Cumulative Capacity (GW), 2015–2035
- Table 17: Renewable Power Market, South Korea, Annual Generation (TWh), 2015–2035
- Table 18: Renewable Power Market, South Korea, Major Plants, 2023
- Table 19: Power Market, South Korea, Transmission Line Length (Ckm) by Voltage Level, 2015–2028
- Table 20: Power Market, South Korea, Distribution Line Length (Ckm) by Voltage Level, 2015–2028
- Table 21: Abbreviations
- List of Figures
- Figure 1: Nuclear Power Market, South Korea, Annual Generation Share (%) and Annual Power Generation (TWh), 2023 and 2030
- Figure 2: Power Market, South Korea, Annual Generation Share by Technology, 2023 and 2030
- Figure 3: Power Market, South Korea, Country Summary
- Figure 4: Power Market, South Korea, Macroeconomic Factors, 2015–2030
- Figure 5: Power Market, South Korea, Market Structure
- Figure 6: Power Market, South Korea, Market Share of Generation Companies (%), 2023
- Figure 7: Power Market, South Korea, Deal Value and Number of Deals, 2015–2023
- Figure 8: Power Market, South Korea, Deals by Type (%), 2023
- Figure 9: Power Market, South Korea, Annual Power Consumption, 2015–2035
- Figure 10: Power Market, South Korea, Power Consumption by Sector (%), 2023
- Figure 11: Power Market, South Korea, Cumulative Capacity by Technology (%), 2023
- Figure 12: Power Market, South Korea, Cumulative Capacity and Annual Generation, 2015–2035
- Figure 13: Power Market, South Korea, Capacity Share by Technology, 2015–2035
- Figure 14: Power Market, South Korea, Annual Generation Share by Technology, 2015–2035
- Figure 15: Thermal Power Market, South Korea, Cumulative Capacity and Annual Generation, 2015–2035
- Figure 16: Hydropower Market, South Korea, Cumulative Capacity and Annual Generation, 2015–2035
- Figure 17: Nuclear Power Market, South Korea, Cumulative Capacity and Annual Generation, 2015–2035
- Figure 18: Renewable Power Market, South Korea, Cumulative Capacity, 2015–2035
- Figure 19: Renewable Power Market, South Korea, Annual Generation, 2015–2035
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