Republic of Korea Renewable Energy Policy Report 2017

"South Korea Renewable Energy Policy Handbook 2017” is among the latest country specific policy reports from GlobalData, the industry analysis specialist that offers comprehensive information on major policies governing renewable energy market in the country.

The report provides the current and future renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country.

The report is built using data and information sourced from industry associations, government websites and statutory bodies. The information is also sourced through other secondary research sources such as industry and trade magazines.


The report covers policy measures and incentives used by South Korea to promote renewable energy.

The report details promotional measures in South Korea both for the overall renewable energy industry and for specific renewable energy technologies that have potential in the country.

Key Highlights

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to:

Develop business strategies with the help of specific insights about policy decisions being taken for different renewable energy sources.

Identify opportunities and challenges in exploiting various renewable technologies.

Compare the level of support provided to different renewable energy technologies in South Korea.

Be ahead of competition by keeping yourself abreast of all the latest policy changes.

Companies mentioned

Table of Contents

1 Table of Contents

1 Table of Contents 1

1.1 List of Tables 3

2 Introduction 4

2.1 Renewable Energy Policy 4

2.2 GlobalData Report Guidance 4

3 Renewable Energy Policy, South Korea 5

3.1 Renewable Energy Market, Overview 5

3.2 Major Policies 5

3.2.1 Green Growth Policy 5

3.2.2 Subsidy Program (Renewable Energy Demonstration and Deployment) 6

3.2.3 Research Funding for the Development of Renewable Energy Sources 6

3.2.4 Renewable Energy and Energy Efficiency Partnership 6

3.2.5 The Promotional Law of New and Renewable Energy Development, Use and Dissemination 6

3.2.6 Second and Third Basic Plan for New Renewable Energy Technology Development, Use and Deployment 7

3.2.7 Certification for New and Renewable Energy Facilities 7

3.2.8 Tax Audit Exemption 7

3.2.9 Second Energy Master Plan 2014–2035 7

3.2.10 Home Subsidy Program 8

3.2.11 Renewable Portfolio Standards 8

3.2.12 Boost to Renewable Power Development in 2016 9

3.2.13 Mandatory Use for Public Buildings 10

3.2.14 Methane to Markets Partnership 10

3.2.15 Memorandum of Understanding between Korean Wind Energy Association and RenewableUK 10

3.2.16 SeaRoc and CDS Wind Sign Offshore Wind Joint Agreement 10

3.2.17 US Department of Energy and South Korea Announce New Clean Energy Partnership 10

3.2.18 South Korea and Cameroon Considering Development of Renewable Capacity 11

3.2.19 Nationally Determined Contribution (NDC) to the Paris Agreement 11

4 Appendix 12

4.1 Market Definitions 12

4.1.1 Power 12

4.1.2 Installed Capacity 12

4.1.3 Electricity Generation 12

4.1.4 Electricity Consumption 12

4.1.5 Thermal Power Plant 12

4.1.6 Hydropower Plant 12

4.1.7 Nuclear Power 12

4.1.8 Renewable Energy Resources 12

4.2 Abbreviations 13

4.3 Bibliography 13

4.4 Methodology 13

4.5 Coverage 14

4.5.1 Secondary Research 14

4.5.2 Primary Research 14

4.5.3 Modeling and Forecasting 15

4.6 Contact Us 15

4.7 Disclaimer 15

List of Tables

1.1 List of Tables

Table 1: Renewable Energy, South Korea, Target for New and Renewable Energies (%) 8

Table 2: Renewable Portfolio Standards, South Korea, Targets (%), 2012–2024 8

Table 3: Allocation of Renewable Energy Certificates, South Korea, 2017 9

Table 4: Abbreviations 13

List of Figures


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