South Korea Power Report

Providing expert analysis, independent forecasts and competitive intelligence on the power.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Petrochemicals Risk Reward Index, Economic Forecasts, Company Profiles and Global, Regional and Country Industry Overviews.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
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South Korea Power Report
Product Price
$1,295.00

BMI View: The outlook for South Korea's renewables industry remains muted, despite the recent announcement of the government's clean energy investment plan. The country's challenging regulatory environment for renewables and the availability of cheaper sources of power, notably nuclear and coal, will undermine investment in the sector.

Headline Power Forecasts (South Korea 2015-2021)
2015e 2016f 2017f 2018f 2019f 2020f 2021f
e/f = BMI estimate/forecast. Source: EIA, UN Data
Generation, Total, TWh 551.995 570.789 594.332 617.556 635.510 656.325 677.762
Consumption, Net Consumption, TWh 532.2 550.1 573.0 595.7 613.3 633.6 654.5
Capacity, Net, MW 105,015.1 112,138.0 116,889.4 120,765.2 122,758.9 125,084.2 127,089.4

Latest Updates And Structural Trends

  • We forecast overall power generation to grow at an average of 3.6% a year between 2016 and 2025, reaching 788.2 terawatt hours (TWh) by the end of the period. While coal- and gas-fired generation will continue to play a vital role, we expect nuclear generation to have the fastest growth rates. That said, we believe high growth rates will feature more greatly in the second half of our 10-year forecast period, given the current high level of public distrust of nuclear power.

  • The South Korean market for liquefied natural gas (LNG) will cool in the near-term, as high prices and company obligations to cut expenditure will see Kogas and utilities trim LNG purchases and rely on nuclear whenever possible. In the longer term, new gas power plants and the country's quest to increase power supply to the market will mean LNG demand rises, although we have also moderated our forecasts to show slower demand growth.

BMI Industry View
7
Table: Headline Power Forecasts (South Korea 2015-2021)
7
Latest Updates And Structural Trends
7
SWOT
8
Industry Forecast
10
South Korea Snapshot
10
Table: Country Snapshot: Economic and Demographic Data (South Korea 2015-2019)
10
Table: Country Snapshot: Economic and Demographic Data (South Korea 2020-2025)
10
Table: Country Snapshot: Power Sector
10
South Korea Power Forecast Scenario
11
Coal Generation And Capacity Forecasts
11
Nuclear Generation And Capacity Forecasts
12
Gas Generation And Capacity Forecasts
13
Renewables Generation And Capacity Forecasts
14
Table: Total Electricity Generation Data And Forecasts (South Korea 2014-2019)
16
Table: Total Electricity Generation Data And Forecasts (South Korea 2020-2025)
17
Table: Electricity Generating Capacity Data And Forecasts (South Korea 2014-2019)
18
Table: Electricity Generating Capacity Data And Forecasts (South Korea 2020-2025)
19
Electricity Consumption
19
Table: Total Electricity Consumption Data And Forecasts (South Korea 2014-2019)
20
Table: Total Electricity Consumption Data And Forecasts (South Korea 2020-2025)
21
Transmission And Distribution, Imports And Exports
21
Table: Electric Power T&D Losses Data And Forecasts (South Korea 2014-2019)
22
Table: Electric Power T&D Losses Data And Forecasts (South Korea 2020-2025)
22
Industry Risk/Reward Index
23
Asia Power Risk/Reward Index
23
Table: Asia Power Risk/Reward Index (Scores Out Of 100)
27
South Korea Power Risk/Reward Index
28
Rewards
28
Risks
28
Market Overview
30
Key Policies And Market Structure
30
Regulation And Competition
30
Sustainable Energy Policies
30
Pricing
31
Carbon Trading
32
Table: Emissions Reduction Targets By Industry
32
Table: Top Emitters Of Carbon Dioxide In 2012 By Country
33
South Korea Power Projects Database
34
Table: Key Power Projects
34
Competitive Landscape
38
Company Profile
40
Korea Electric Power Corporation (Kepco)
40
Regional Overview
44
Asia Power Regional Overview
44
Table: China Power Snapshot
47
Glossary
49
Table: Glossary Of Terms
49
Methodology
50
Methodology And Sources
50
Industry Forecast Methodology
50
Sources
53
Risk/Reward Index Methodology
53
Table: Power Risk/Reward Index Indicators
54
Table: Weighting Of Indicators
55

The South Korea Power Report features BMI Research's market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The South Korea Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

  • Use BMI's independent industry forecasts for South Korea to test other views - a key input for successful budgeting and strategic planning in the power market.
  • Target business opportunities and risks South Korea's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in South Korea.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the power sector and within the broader political, economic and business environment.

BMI’s Power Forecast Scenario

Forecasts to end-2024 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

  • Generation: Electricity generation total, thermal, coal, natural gas, oil, nuclear, hydropower, hydro-electric pumped storage and non-hydropower renewables.
  • Transmission and Distribution Losses: Electric power transmission and distribution losses.
  • Trade: Total imports and exports.
  • Electricity Consumption: Net consumption.
  • Electricity Capacity: Capacity net, conventional thermal, nuclear, hydropower and non-hydroelectric renewables.

BMI’s Power Risk Reward Index

BMI’s Risk Reward Indices provide investors (power companies, service companies and equity investors) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors,

Market Overview

Structure, size and value of the industry sector; overview of the industry landscape and key players; an assessment of the business operating environment, sustainable energy policies, pricing and the latest regulatory developments.

Key Projects Database

Details and analysis of all current and planned developments (new ventures, capacity expansion and other investments) across the sector broken down by location, sector type, capacity, value, companies and operational status.

Competitive Landscape

Illustration of the power industry that exploits our data-rich, in-depth analysis of the leading players in the sector and examination of operational results, strategic goals, market position and the potential for investment.

Power Outlook long-Term Forecasts

Regional long-term power forecasts covering electricity generation, consumption and capacity for thermal, hydroelectric and nuclear power. These are supported by a country specific  overview, alongside an analysis of key downside risks to the main forecasts.

Regional Overview

Providing BMI’s near-term economic outlook for the region as a whole, as well as taking a close look at countries of particular interest and the latest trends and developments.

Sources

The Power Market Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports, including Energy Information Administration (EIA), World Bank (WB) and United Nations (UN).