hakseok ryu - csd.bg

Hakseok RyuDeputy Head

International Energy Security Division

Contents

I. Global Energy Challenge

II. Energy Security

III. Korea’s Energy Configuration

IV. Korea’s Energy Policies

V. Energy Cooperation with Bulgaria

Global Energy Challenge

Long transit distance and period

Concentration of Natural Resource Supply

Sustainability

Climate Change

New Energy Geopolitics

Shale Revolution

Creation of Cooperative Regime

Energy Security

Availability of Sufficient Supplies

Access to Energy at Affordable Prices

Korea’s Energy Configuration

Major Indicator of Korea (2018)

Area 100,188 km²Population $51.7 millionGDP $1,721 billion

Exports $605 billionImports $535 billion

Korea’s Energy Configuration

coal 28%

petroleu

m 39%

LNG 17%

hydro

1%

nuclear

9%

renewabl

es 6%

Energy Mix

nuclear

23%

coal 42%

LNG 27%

renewabl

es 6%

oil 1%hydro

1%

Power Generation

Energy Mix of Korea & Power Generation (2018)

Korea’s Energy Configuration

Korea’s Energy Insecurity

World’s 8th

largest energy consumer

3rd largest LNG Importer

4th largest Coal importer

5th largest Oil Importer

Overseas Energy Dependency : 94.7% (2018)

Energy Imports : $144 billion (2018)

Korea’s Energy Policies

Diversification : Availability of Sufficient Supply

Korea’s Energy Policies

Super Grid Project

Complementarity in Demands

Increased Use of Renewable Energy

Shared Prosperity by Interdependence

Korea’s Energy Policies

Transition to Clean and Safe Energy (May 2017)

7th Long-Term Electricity Supply and Demand Plan (Jul 2015)

Renewable Energy 3020 Implementation Plan (Dec 2017)

8th Long-Term Electricity Supply and Demand Plan (Dec 2017)

Renewable Energy Industry Reinforcement Plan (Apr 2019)

3rd Korea Energy Master Plan (2019-2040) (Jun 2019)

Korea’s Energy Policies

Transition to Clean and Safe Energy (May 2017)

Capacity

Power

Supply

Energy Cooperation with Bulgaria

Policy, Industrial, Research Exchanges

RE Pilot Projects (Wind, Solar, etc)

Nuclear Power Plant Project

Joint Business Cooperation Abroad

Energy Cooperation with Bulgaria

Bulgaria’s geo-strategic situation

Prime Minister Boyko Borissov’s visit to Korea(Sep 2019)

Possible Areas for Cooperation

Energy Cooperation with Bulgaria

Advanced Technology

Strong Supply Chain

Cooperation with Bulgaria

Energy Cooperation with Bulgaria

Advanced Technology and Experiences

Energy Cooperation with Bulgaria

Korea MOFA

Future Cooperation with Bulgaria

Energy Cooperation with Bulgaria

Outstanding Experience

Strong Supply Chain

Advanced Technology

Energy Cooperation with Bulgaria

Korea – Reliable Partner for Shared Prosperity

UAE Barakah NPP project

19/44

World Renewable Energy Outlook

Hakseok RyuInternational Energy Security Division, MOFA

hsryu02@mofa.go.kr