South Korea Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape

  • ID: 4331185
  • Report
  • Region: South Korea
  • 53 pages
  • GlobalData
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South Korea Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape


Summary

South Korea is a highly industrialized nation in East Asia and has a high rate of electricity consumption. It saw high economic growth between 1962 and 1989, which was aided by government policies advocating the opening-up of the national economy and its gradual integration into the global economy. This growth was matched by a similar surge in electricity consumption. Gross Domestic Product (GDP) grew by 3.9% during the 2000-2016 historical periods, while power consumption grew by 4.7%.

South Korea depends largely on thermal power for its generation needs. Thermal power accounted for 65% of its total installed capacity in 2016, followed by nuclear power with 22.1%. The following figure shows a breakdown of installed capacity by fuel type.

South Korea registered a Gross Domestic Product (GDP) growth rate of 2.7% in 2016, with an estimated GDP of $1.3 trillion at constant prices. The economy was negatively affected by the global economic recession during 2008, which resulted in a low growth rate of 0.7% in 2009 (IMF, 2016). However, due to export growth, low interest rates, and an efficient fiscal policy, the country was able to recover from the economic crisis and return to a position of growth. The government’s present challenge includes a rapidly aging population and a heavy reliance on exports - which account for almost half of the country’s GDP. The services sector is estimated to have accounted for the majority share of GDP in 2016, at 60.2%, followed by the industrial sector, at 37.6%, and the agricultural sector, at 2.2% (CIA, 2017).

The South Korean power sector is overseen by the Ministry of Trade, Industry and Energy (MOTIE). A governmental agency functioning under the ministry, the Korean Electricity Commission (KOREC), is responsible for regulatory matters. The Korea Electric Power Corporation (KEPCO), a government-owned company, dominates all aspects of the power sector, such as generation, and transmission and distribution (T&D).

The report "South Korea Power Market Outlook to 2030, Update 2017 - Market Trends, Regulations, and Competitive Landscape" elaborates South Korea's power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the South Korea power market’s regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided.

In particular, this report provides the following analysis:
  • Provides a snapshot of the key parameters that affect the power sector, as well as key points about the power market.
  • Provides analysis of the power market.
  • Provides information on cumulative installed capacity and annual generation trends, by individual generation source.
  • Describes the power T&D infrastructure and provides information on interconnectors with neighboring countries.
Companies mentioned in this report: Korea Electric Power Corporation.

Scope
  • Snapshot of the country’s power sector across parameters - macro economics, supply security, generation infrastructure, transmission infrastructure, degree of competition, regulatory scenario and future potential of the power sector.
  • Statistics for installed capacity, power generation and consumption from 2000 to 2016, forecast for the next 14 years to 2030.
  • Break-up by technology, including thermal, hydro, renewable and nuclear
  • Data on leading current and upcoming projects.
  • Information on grid interconnectivity, transmission and distribution infrastructure and power exports and imports.
  • Policy and regulatory framework governing the market.
  • Detailed analysis of top market participant, including market share analysis and SWOT analysis.
Reasons to buy
  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
  • Identification of key factors driving investment opportunities in the country’s power sector
  • Facilitate decision-making based on strong historic and forecast data
  • Develop strategies based on the latest regulatory events
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Identify key partners and business development avenues
  • Identify key strengths and weaknesses of important market participants
  • Respond to your competitors’ business structure, strategy and prospects.
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1 Table of Contents
2 Executive Summary
2.1 South Korea, Power Sector Outlook
3 Introduction
3.1 Report Guidance
4 South Korea, Power Market, Snapshot
4.1 Macroeconomic Factors
4.2 Supply Security
4.3 Opportunities
4.4 Challenges
5 South Korea, Power Market, Market Analysis
5.1 South Korea, Power Market, Market Structure
5.2 South Korea, Power Market, Key Market Players
5.3 South Korea, Power Market, Financial Deals
5.3.1 Deal Value and Volume Analysis, 2004-March 2017
5.3.2 Deals by Type, 2016
5.4 South Korea, Power Market, Demand Structure
5.4.1 Power Consumption by Sector, 2016
6 South Korea, Power Market, Regulatory Scenario
6.1 South Korea, Power Market, Key Electricity Policies
6.1.1 Market Restructuring
6.1.2 Nuclear Power Policy
6.1.3 Renewable Power Policy
6.1.4 Boost to Renewable Power Development in 2016
6.1.5 Nationally Determined Contribution (NDC) to the Paris Agreement
6.1.6 Emissions Trading Program
7 South Korea Power Market, Capacity and Generation Overview
7.1 South Korea, Power Market, Cumulative Installed Capacity, 2000-2030
7.1.1 Installed Capacity by Fuel Type, 2016
7.2 Cumulative Installed Capacity and Annual Generation, 2000-2030
7.2.1 Cumulative Installed Thermal Power Capacity and Annual Thermal Power Generation, 2000-2030
7.2.2 Cumulative Installed Hydropower Capacity and Annual Hydropower Generation, 2000-2030
7.2.3 Cumulative Installed Nuclear Power Capacity and Annual Nuclear Generation, 2000-2030
7.2.4 Cumulative Installed Non-hydro Renewable Power Capacity and Annual Non-hydro Renewable Power Generation, 2000-2030
8 South Korea, Power Market, Transmission and Distribution Overview
8.1 South Korea, Power Market, Transmission Network Overview
8.2 South Korea, Power Market, Distribution Network Overview
8.3 South Korea, Power Market, Electricity Trading
9 South Korea, Power Market, Competitive Landscape: Snapshot of Leading Power Generating Companies
9.1 Key Company in South Korea Power Market: Korea Electric Power Corporation
9.1.1 Korea Electric Power Corporation, Company Overview
9.1.2 Business Description
9.1.3 SWOT Overview
10 Appendix
10.1 Market Definitions
10.1.1 Power
10.1.2 Installed Capacity
10.1.3 Electricity Generation
10.1.4 Electricity Consumption
10.1.5 Thermal Power Plant
10.1.6 Hydropower Plant
10.1.7 Nuclear Power
10.1.8 Renewable Energy Resources
10.2 Abbreviations
10.3 Bibliography
10.4 Methodology
10.5 Coverage
10.5.1 Secondary Research
10.5.2 Primary Research
10.5.3 Modeling and Forecasting
10.6 Contact
10.7 Disclaimer

List of Tables
Table 1: Power Market, South Korea, Gross Domestic Product (KRW and $tn), Population (m), and Annual Power Consumption (TWh), 2000-2021
Table 2: Power Market, South Korea, Market Share of Leading Power Generation Companies (%), 2016
Table 3: Power Market, South Korea, Deal Value ($bn) and Number of Deals, 2004-March 2017
Table 4: Power Market, South Korea, Annual Power Consumption (TWh), 2000-2030
Table 5: Power Market, South Korea, Power Consumption by Sector (%), 2016
Table 6: Power Market, South Korea, Cumulative Installed Capacity by Fuel Type (%), 2016
Table 7: Power Market, South Korea, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000-2030
Table 8: Power Market, South Korea, Leading Thermal Power Plants (MW), 2017
Table 9: Power Market, South Korea, Cumulative Installed Thermal Power Capacity (GW) and Annual Thermal Power Generation (TWh), 2000-2030
Table 10: Power Market, South Korea, Leading Hydropower Plants (MW), 2017
Table 11: Power Market, South Korea, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower Generation (TWh), 2000-2030
Table 12: Power Market, South Korea, Cumulative Installed Nuclear Power Capacity (GW) and Annual Nuclear Power Generation (TWh), 2000-2030
Table 13: Power Market, South Korea, Leading Non-hydro Renewable Power Plants (MW), 2017
Table 14: Power Market, South Korea, Cumulative Installed Non-hydro Renewable Power Capacity (GW) and Annual Non-hydro Renewable Power Generation (TWh), 2000-2030
Table 15: Power Market, South Korea, Transmission Line Length (Ckm), 2006-2025
Table 16: Power Market, South Korea, Distribution Line Length (Ckm), 2006-2025
Table 17: Power Market, South Korea, Korea Electric Power Corporation, SWOT Profile, 2017
Table 18: Abbreviations

List of Figures
Figure 1: Power Market, South Korea, Gross Domestic Product ($tn) and Annual Power Consumption (TWh), 2000-2016
Figure 2: Power Market, South Korea, Cumulative Installed Capacity by Fuel Type (%), 2016
Figure 3: Power Market, South Korea, Annual Power Consumption and Generation (TWh), 2000-2016
Figure 4: Power Market, South Korea, Gross Domestic Product ($tn), Population (m), and Annual Power Consumption (TWh), 2000-2021
Figure 5: Power Market, South Korea, Market Share of Leading Power Generation Companies (%), 2016
Figure 6: Power Market, South Korea, Deal Value ($bn) and Number of Deals, 2004-March 2017
Figure 7: Power Market, South Korea, Annual Power Consumption (TWh), 2000-2030
Figure 8: Power Market, South Korea, Power Consumption by Sector (%), 2016
Figure 9: Power Market, South Korea, Cumulative Installed Capacity by Fuel Type (%), 2016
Figure 10: Power Market, South Korea, Cumulative Installed Capacity (GW) and Annual Generation (TWh), 2000-2030
Figure 11: Power Market, South Korea, Cumulative Installed Thermal Power Capacity (GW) and Annual Thermal Power Generation (TWh), 2000-2030
Figure 12: Power Market, South Korea, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower Generation (TWh), 2000-2030
Figure 13: Power Market, South Korea, Cumulative Installed Nuclear Power Capacity (MW) and Annual Nuclear Power Generation (GWh), 2000-2030
Figure 14: Power Market, South Korea, Cumulative Installed Non-hydro Renewable Power Capacity (GW) and Annual Non-hydro Renewable Power Generation (TWh), 2000-2030
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  • Korea Electric Power Corporation
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