South Korea Energy Industry Outlook 2024 - 2028

Key Market Indicators

South Korea's energy consumption is projected to increase to approximately 13.4 exajoules by 2028, up from around 12.8 exajoules in 2023. This represents an average annual growth rate of 0.7%. Historically, since 1970, the country's energy demand has risen by an average of 0.3% each year. In 2023, South Korea ranked eighth globally in terms of energy consumption. Brazil slightly outpaced South Korea with an energy consumption of about 12.8 exajoules in the same year. The United States, India, and Russia held the second, third, and fourth positions respectively in this global ranking.

Latest reports

South Korea Energy Market Report- Q4 2024

• Mar 2nd 2025
• 73 pages

The South Korea energy market in Q4 2024 is characterized by significant shifts towards renewable energy, strategic policy changes in nuclear energy, and...

South Korea Energy Market Report - Q4 2024

• Jan 18th 2025
• 68 pages

The fourth quarter of 2024 presents a transformative period for the energy sector in South Korea, characterized by strategic shifts towards renewable energy,...

South Korea Energy Market Data and Forecasts

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