Key Market Indicators
Korean electricity generation is projected to hit approximately 701 terawatt-hours (TWh) by 2028, according to recent forecasts. This marks an increase from an estimated 634 TWh in 2023, reflecting a compound annual growth rate (CAGR) of 1.6%. Since 1990, Korea's electricity supply has been on the rise, growing at an annual rate of 1.4%. In the global ranking for 2023, Korea held the eighth position. Canada, with its electricity generation pegged at around 634 TWh, surpassed Korea. The United States, India, and Russia secured the second, third, and fourth spots, respectively, in the global electricity generation leaderboard.
