How much did South Korea invest in the energy transition?

South Korea’s investment in the energy transition came in at $25 billion last year. A clear and consistent policy framework is necessary to boost investor confidence and match the spending needs of a net-zero future.

Is Korea a good place to invest in technology?

Korea’s private sector has a high capacity for technology innovation and its population has shown an almost unparalleled openness toward digitalisation. This closely links Korea’s energy transition to efforts to spur investments in energy storage systems, smart grids and intelligent transport systems.

How does Korea's energy transition work?

This closely links Korea’s energy transition to efforts to spur investments in energy storage systems, smart grids and intelligent transport systems. “Korea can draw on its technological expertise by addressing regulatory and institutional barriers in its energy markets and by fostering more active consumer engagement,” Dr Birol said.

Does Korea have fuel economy standards?

In the transport sector, Korea has well-established fuel economy standards for passenger vehicles, but progress is currently lagging behind government targets. The IEA applauds the government’s plans to introduce fuel economy standards for heavy goods vehicles, which would put Korea at the forefront of global efforts.

What are the different types of energy storage technologies?

These areas cover energy storage technologies including secondary batteries as well as supercapacitors, energy conversion technologies such as water splitting, solar fuel and photovoltaics, and related fundamental sciences.

What is Korea University known for?

Korea University is rooted in Bosung College established in 1905 and then started to be elevated into a university with the current name from 1946. Since its opening, Korea University has achieved a great deal of growth through continuing to expand departments in colleges and improving their own educational philosophy specialty.