South Korea

2018 South Korea Key Figures
Population: 51.8 million
GDP growth rate: 2.76 %/year
Energy independence: 20.0%
Total consumption/GDP:* 92.9 (2015=100)
CO2 Emissions: 13.6 tCO2/capita
Rate of T&D power losses: 3.38%
* at purchasing power parity
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Total 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 ...

South Korea energy report

 Total energy consumption

Crude oil production

Korea depends on imports to meet its entire oil demand. Thanks to the increase in its refining capacities, Korea has been a net exporter of oil products since 1997. In 2018, net oil product exports stood at around 72 Mt (+10% compared to 2017) and net crude oil imports were 151 Mt (similar to 2017).

Korea depends on the Middle East for most of its crude oil imports, but aims for ...

Asia Refineries Dataset

 Crude oil production

Oil products consumption

Oil consumption increased between 2014 and 2017 (+3%/year) and decreased in 2018 to 103 Mt. It had remained roughly stable between 1999 and 2014, around 95-100 Mt.

Because of significant consumption of oil for non-energy uses, industry represents about half of the oil demand, and transport almost one third.

Graph: OIL CONSUMPTION (Mt)

Graph: OIL CONSUMPTION ...

Asia Refineries Dataset

 Refined oil products production

Natural gas consumption

Gas demand increased rapidly between 2000 and 2013 (8%/year, on average), reaching 53 bcm in 2013, and subsequently declined 9% to 44 bcm in 2015 due to some nuclear restarts. Gas consumption has recovered since then (+3.6% in 2017 and +12% in 2018), reaching 55 bcm in 2018.

In 2018, 48% of the natural gas was used in power plants and 29% in the residential and commercial sectors. ...

Asia LNG Trade Dataset

 Natural gas domestic consumption

Coal consumption

Coal consumption increased significantly between 2000 and 2015 (4.3%/year) to 135 Mt; Since 2015, it slowed down to 3.4%/year to reach 15 Mt in 2018 due to higher coal usage in power generation.

Power plants accounted for 71% and industry for 20% in 2018. The share of the households and service sector in coal consumption has shrunk from 35% in 1990 to 1% in 2017.

Graph: COAL ...

 Coal and lignite domestic consumption

Power consumption

Electricity consumption increased at the rapid pace of 5%/year, on average, between 2000 and 2013, but has since slowed down to 3%/year since 2014 to reach 563 TWh in 2018.

Industry absorbs half of the electricity consumption, services 31% and households 13%.

Graph: ELECTRICITY CONSUMPTION (TWh)

Graph: ELECTRICITY CONSUMPTION BREAKDOWN BY SECTOR (2018, %)

Renewable in % electricity production

The New and Renewable Energy Center (NREC), an affiliate of KEA, supports and promotes renewable energies.

South Korea aims to increase the share of renewables to 11% of the total energy consumption by 2035 and to achieve 15% of electricity supply from distributed sources in 2035. As per the second Energy Master Plan, distributed energy sources include Integrated Energy Systems (IES), ...

 Share of renewables in electricity production (incl hydro)

CO2 fuel combustion/CO2 emissions

In its first Nationally Determined Contributions (NDC) submitted to UNFCCC, South Korea aims to reduce total GHG emissions by 37% from BAU level by 2030 (excluding LULUCF). Emissions in BAU are forecasted to reach 850 MtCO2 in 2030. The latest allocation plan published in 2018 reduces the scope for international offsets, increasing the share of domestic mitigation necessary to reach the NDC ...

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