South Korea

2018 South Korea Key Figures
Population: 51.7 million
GDP growth rate: 2.67 %/year
Energy independence: 20.4%
Total consumption/GDP:* 90.0 (2015=100)
CO2 Emissions: 12.9 tCO2/capita
Rate of T&D power losses: 3.48%
* at purchasing power parity
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Total Energy consumption

Total per capita energy consumption reached 5.8 toe in 2018 (compared to about 3.1 toe for the European Union), including 10 800 kWh of electricity.

Total energy consumption has increased steadily since 2000, with an average growth of 2.5%/year, reaching almost 300 Mtoe in 2018.

Oil covers 36% of the energy needs (down from 52% in 2000), coal 28%, gas 16% (up from 9% in 2000), ...

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 28 Mt and net crude oil imports were 151 Mt.

Korea depends on the Middle East for most of its crude oil imports, but aims for greater import supply diversification. In 2018, ...

Asia Refineries Dataset

 Crude oil production

Oil products consumption

Oil consumption was 107 Mt in 2018, slightly down compared to 2017. It had increased strongly over 2014-2016 (7%/year), following relative stability over 2000-2014.

Because of significant consumption of oil for non-energy uses, industry represents over half of the oil demand, while transport accounts for one third.

Graph: OIL CONSUMPTION (Mt)

Graph: OIL CONSUMPTION ...

Asia Refineries Dataset

 Refined oil products production

Natural gas consumption

Gas demand reached 55 bcm in 2018. It increased rapidly over 2000-2013 (8%/year), before contracting in 2014 and 2015 due to some nuclear restarts, and has recovered since then.

In 2018, 50% of the natural gas was used in power plants, 29% in buildings, and 17% in the industrial sector.

Graph: NATURAL GAS CONSUMPTION (bcm)

Graph: GAS CONSUMPTION BREAKDOWN BY SECTOR ...

Asia LNG Trade Dataset

 Natural gas domestic consumption

Coal consumption

Coal consumption reached 140 Mt in 2018, up from 120 Mt in 2010, and 72 Mt in 2000.

Power plants accounted for 73% of coal consumption in 2018, and industry for 19%. The share of households and services shrunk from 35% in 1990 to 1% in 2018.

Graph: COAL CONSUMPTION (Mt)

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

 Coal and lignite domestic consumption

Power consumption

Electricity consumption has increased steadily by over 4%/year since 2000, reaching 560 TWh in 2018.

Industry absorbs half of the electricity consumption, services 30% and households 13%.

Graph: ELECTRICITY CONSUMPTION (TWh)

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

Renewable in % electricity production

KEA supports and promotes renewable energies.

As part of its "Renewable Energy 30-20" plan, MOTIE aims to accelerate the development and adoption of renewables, targeting a 20% share in the electricity mix by 2030. MOTIE plans to add 49 GW of new generation capacity from renewables by 2030, with 20 GW from households, small businesses and in rural areas, and 29 GW in large-scale ...

 Share of renewables in electricity production (incl hydro)

CO2 fuel combustion/CO2 emissions

In its first NDC, 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 target.

CO2 emissions from fuel combustion have ...

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