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Korea joined the IEA in 2002.
Korea, the world’s thirteenth-largest economy and the seventh-largest exporter, is an energy-intensive nation. In 2008, the country adopted a long-term “green growth” strategy to foster economic development by means of low-carbon technologies and clean energy; since then, the government has implemented many policies to support these goals.
In 2012, Korea announced an emissions-trading scheme — the first of its kind in Asia — which will be implemented in 2015. This represents a major step towards achieving its target of a 30% reduction in greenhouse gas emissions by 2020. Strong energy efficiency policies have been developed to complement the emissions-reduction target. Korea has made efforts to enhance energy security by taking measures to diversify energy sources, reduce the use of fossil fuels and foster the development of renewable energy alongside the expansion of its nuclear energy programme. Government expenditure on energy-related RD&D is among the highest in the OECD.
Progress in some sectors has been slower, and the lack of a clear, long-term vision for its electricity and natural gas markets is one of the greatest energy-policy challenges facing the Korean government. Energy markets are dominated by incumbents and have been slow to open up to competition.
- IEA Executive Director meets Korean Minister of Trade, Industry and Energy Paik Ungyu
17 October 2017
- Examining the future of natural gas in MIKTA countries
29 September 2017
- IEA Executive Director on official visit to Republic of Korea
2 September 2016
- Energy ministers set course for new era at IEA
18 November 2015
- Global coal demand to reach 9 billion tonnes per year by 2019
15 December 2014
Technology Collaboration Programmes
The IEA Technology Collaboration Programmes (TCPs) underpin IEA efforts to support innovation for energy security, economic growth and environmental protection. The TCPs operating today involve about 6 000 experts from government, industry and research organisations in more than 50 countries.
Korea participates in technology collaboration programme.