Key Market Indicators
South Korea's electricity generation is projected to climb to approximately 701 Terawatt hours by 2028. This marks an increase from around 634 Terawatt hours in 2023, reflecting an average annual growth rate of 1.6%. Since 1990, the nation's electricity supply has experienced a steady rise, averaging a 1.4% increase per year. As of 2023, South Korea ranks eighth globally in electricity generation. Canada has surpassed South Korea, matching the 2023 figure of 634 Terawatt hours. In the global rankings, the United States, India, and Russia hold the second, third, and fourth positions, respectively.
