Energy in South Korea

[1] Energy producers were dominated by government enterprises, although privately operated coal mines and oil refineries also existed.

The potential for hydroelectric power is limited because of high seasonal variations in the weather and the concentration of most of the rainfall in the summer.

As of 2017, South Korean President Moon Jae-in has vowed to end the country’s reliance on coal and also said the nation would move away from nuclear energy.

[4] In recent years, South Korea has set a new direction for its energy sector, with significant decarbonization goals, aiming to raise the share of electricity from renewable sources from 6% in 2019 to 35% by 2030.

[11] In December 2017, Hyundai Electric announced a plan to build a 150MW grid storage battery near Ulsan for Korea Zinc.