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: May, 2019
Format: 2 files (PDF report, Excel file)
Pages: 39 (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 2018 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) oversees energy policy planning and supervises the energy firms and energy administrations.

    The second Korean Energy Master Plan (2014-2035) involves several goals: ensuring a stable and steady energy supply to meet the nation's growing demand; promoting overseas energy development projects to ensure supply stability; promoting ...

  • Energy Supply


    South Korea has limited energy resources. The country had 1.0 bcm of proved natural gas reserves, 326 Mt of proved recoverable coal reserves (2018) and 19 TWh of economically exploitable hydroelectric resources.

  • 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 2018, industry paid US$10.1c/kWh and household paid US$11.1c/kWh. Prices increased by 2% for industry, and by 2.6% for households. This increase is correlated with the LNG price ...

  • Energy Consumption

    Total per capita energy consumption reached 5.9 toe in 2018 (compared to about 3.1 toe for the European Union), including 10 900 kWh of electricity.

    Total energy consumption has increased steadily since 2000, with an average growth of 2.7 %/year, reaching over 300 Mtoe in 2018.

    The share of gas in the country's total energy consumption has been increasing (16% in 2018 compared ...

  • 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 remain roughly stable until 2040 if its NDC 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 (2018, %)
  • GRAPH 3: Gross power production by source (twh)
  • GRAPH 4: Power generation by source (2018, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for industry and households (US$c/kWh)
  • GRAPH 7: Gas prices for industry and households (US$c/kWh GCV)
  • GRAPH 8: Consumption trends by energy source (Mtoe)
  • GRAPH 9: Total consumption market share by energy (2018, %)
  • GRAPH 10: Final consumption Market share by sector (2018, %)
  • GRAPH 11: Oil consumption (Mt)
  • GRAPH 12: Oil consumption breakdown by sector (2018, %)
  • GRAPH 13: Electricity consumption (TWh)
  • GRAPH 14: Electricity consumption breakdown by sector (2018, %)
  • GRAPH 15: Natural gas consumption (bcm)
  • GRAPH 16: Gas consumption breakdown by sector (2018, %)
  • GRAPH 17: Coal consumption (Mt)
  • GRAPH 18: Coal consumption breakdown by sector (2018, %)

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.

2018 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).

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