Policy status:In Force
Date Effective:1988
Policy Type:Research, Development and Deployment (RD&D)>Research programme >Technology deployment and diffusion
Policy Target:Multiple RE Sources
Policy Sector:Multi-sectoral Policy
Agency:Ministry of Trade, Industry, and Energy (MOTIE), Korea Institute of Energy Technology Evaluation and Planning (KETEP)
Funding:Approximately $377 million dollars from 2006 to 2010 total amount of funding increases approximately 18% annually)

In September 2009, the National Enterprise of Energy Technology Development of Korea has secured its grounds by passing and enforcing the Energy Act. Under this law, KEMCO and KETEP, both affiliated agencies of MOTIE, have undertaken a pivotal role for managing government funded researches for renewable energy sources. In 2006, MOTIE had provided $52 million under the First National Energy Technology Development Plan. By 2010, the government have expanded the funding to $169 million, almost triple within four years. For Renewable energy, KETEP have spent $22 million in 2011 out of total $74 million R&D budget. The investment in renewable energy is consistently growing every year.

Last modified: Thu, 02 Jun 2016 16:21:56 CEST