Energy Reports

South Korea energy report

South Korea energy market analysis is derived from the most recent key economic indicators, supply and demand factors, oil & gas pricing trends and major energy issues and developments surrounding the energy industry. The analysis includes a comprehensive energy market report and updated South Korea energy market data.

South Korea energy report
Update: September, 2017
Format: 2 files (PDF report, Excel file)
Pages: 40 (Report only)
Delivery: Immediate by e-mail


South Korea energy market report offers an incisive and reliable overview of the energy sector in South Korea. With a focus on oil, gas, coal and power markets, the report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2016 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities.

  • Institutions & Energy Policy

    The Ministry of Trade, Industry and Energy (MOTIE) is in charge of energy policy planning and supervises the energy firms and energy administrations.

    The second Korean Energy Master Plan (2013) involves several goals: ensuring a stable and steady energy...

  • Energy Companies


    Kogas (Korea Gas Corporation), which is majority state owned (State 26.86%, KEPCO 24.46%, municipalities 9.47%, private 39.21%), was created in 1983 to import LNG. However, with the liberalisation announced, private companies will be allowed to supply gas on the wholesale market...

  • Energy Supply


    Korea depends on imports to meet its entire oil demand. Thanks to the increase in its refining capacities, Korea has been a net oil products exporter since 1997. In 2016, net oil product exports stood at around 23 Mt (-6% compared to 2015) and net crude oil imports were 145 Mt (+3% compared to...

  • Energy Prices


    Electricity tariffs consist of a service charge plus the cost of the energy consumed for all consumers with, since 1977, a time-of-day tariff for the large industrial consumers (>300 kW since 1980).

    In 2014, electricity prices were raised by an average of 5.4% to control the rapidly...

  • Energy Consumption

    Total per capita energy consumption reached 5.6 toe in 2016 (compared to about 3.1 toe for the European Union), including 9 986 kWh of electricity.

    Total energy consumption increased rapidly until 2011 (by an average of 2.5%/year since 2000). Since 2011, the progression has been much...

  • Issues & Prospects

    According to forecasts from the POLES model, which is Enerdata's in-house model for Global Energy Markets, the country's consumption should grow by 0.7%/year from 2015 to 2040 if its INDC commitments are met.

Download the Table of Contents

In the South Korea market report you will find the graphs mentioned below:

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2016, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2016, %)
  • GRAPH 5: Map of natural gas infrastructure
  • GRAPH 6: Gasoline & diesel prices (US$/l)
  • GRAPH 7: Electricity prices for industry and households (US$c/kWh)
  • GRAPH 8: Gas prices for industry and households (US$c/kWh GCV)
  • GRAPH 9: Consumption trends by energy source (Mtoe)
  • GRAPH 10: Total consumption market share by energy (2016, %)
  • GRAPH 11: Final consumption Market share by sector (2016, %)
  • GRAPH 12: Oil consumption (Mt)
  • GRAPH 13: Oil consumption breakdown by sector (2016, %)
  • GRAPH 14: Electricity consumption (TWh)
  • GRAPH 15: Electricity consumption breakdown by sector (2016, %)
  • GRAPH 16: Natural gas consumption (bcm)
  • GRAPH 17: Gas consumption breakdown by sector (2016, %)
  • GRAPH 18: Coal consumption (Mt)
  • GRAPH 19: Coal consumption breakdown by sector (2016, %)

In the South Korea market report you will find follow tables:

  • Economic Indicators: Annual historical data including population, GNP growth, imports & exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil & gas reserves, electric & refining capacity, energy production, power production and external trade. All detailed by energy source.
  • Demand Indicators: Historical data includes consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source & sector, and, electricity consumption by sector.
  • Energy Balances: Unique tabular display of the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator, Gas plant projects by status and operator and LNG contracts.

The South Korea market data since 1990 included in the Excel file is given below.
Historical evolution allows to easily work with the data.

2016 Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • South Korea Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the South Korea energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

Back to the market reports
Secured payment by Banque Populaire des Alpes VISA MASTERCARD