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Hakseok RyuDeputy Head
International Energy Security Division
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Contents
I. Global Energy Challenge
II. Energy Security
III. Korea’s Energy Configuration
IV. Korea’s Energy Policies
V. Energy Cooperation with Bulgaria
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Global Energy Challenge
Long transit distance and period
Concentration of Natural Resource Supply
Sustainability
Climate Change
New Energy Geopolitics
Shale Revolution
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Creation of Cooperative Regime
Energy Security
Availability of Sufficient Supplies
Access to Energy at Affordable Prices
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Korea’s Energy Configuration
Major Indicator of Korea (2018)
Area 100,188 km²Population $51.7 millionGDP $1,721 billion
Exports $605 billionImports $535 billion
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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)
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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)
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Korea’s Energy Policies
Diversification : Availability of Sufficient Supply
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Korea’s Energy Policies
Super Grid Project
Complementarity in Demands
Increased Use of Renewable Energy
Shared Prosperity by Interdependence
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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)
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Korea’s Energy Policies
Transition to Clean and Safe Energy (May 2017)
Capacity
Power
Supply
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Energy Cooperation with Bulgaria
Policy, Industrial, Research Exchanges
RE Pilot Projects (Wind, Solar, etc)
Nuclear Power Plant Project
Joint Business Cooperation Abroad
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Energy Cooperation with Bulgaria
Bulgaria’s geo-strategic situation
Prime Minister Boyko Borissov’s visit to Korea(Sep 2019)
Possible Areas for Cooperation
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Energy Cooperation with Bulgaria
Advanced Technology
Strong Supply Chain
Cooperation with Bulgaria
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Energy Cooperation with Bulgaria
Advanced Technology and Experiences
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Energy Cooperation with Bulgaria
Korea MOFA
Future Cooperation with Bulgaria
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Energy Cooperation with Bulgaria
Outstanding Experience
Strong Supply Chain
Advanced Technology
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Energy Cooperation with Bulgaria
Korea – Reliable Partner for Shared Prosperity
UAE Barakah NPP project
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19/44
World Renewable Energy Outlook
Hakseok RyuInternational Energy Security Division, MOFA