Korea Energy
Industry
Exhibitions: Seoul International Electric Fair
Electricity Illuminates the World
Location: COEX
Date: 7 April 2021 ~ 9 April 2021
Overview
l Korea is
heavily dependent on imports of energy (about 97%)
l As the
electric power system is geopolitically isolated, it is impossible to export
and import energy to and from neighboring countries. South Korea is in
peninsula and has North Korea in the north.
l Production
of electric power is concentrated in southern provinces and consumption is
concentrated in the metropolitan area in the north. And long-distance transport
of electric power is essential.
l With these
conditions, large investments are required to build electric power grid in
Korea.
Market Structure
l There is
large 6 power generation companies which are subsidiaries of Korea Electric
Power Company (KEPCO) and relatively small independent power producers.
l KEPCO
transports the electric power it purchased from the Korea Power Exchange
through transmission and distribution network and sells to customers.
he sectors Koreans consider important in the future in energy industry are as follows.
l AMI
(Advanced Metering Infrastructure)
l Smart City
l ESS (Energy
Storage System)
l EVC
(Electric Vehicle Chargers)
l Smart Grid
l Renewable
Energy
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