Ranked 12th in per capita energy consumption in 2021, South Korea uses more than three times the global average. The country's industrial sector accounts for 40 percent of total energy consumption. Particularly energy-intensive are large industrial cities such as Ulsan and Gwangyang, which is home to what claims to be the world’s largest steel manufacturing plant.
However, the country’s booming economy is now bracing to meet the impact of recently announced net zero ambitions. These policies are designed to replace existing sources of dependable energy with so-called green technologies that have proven volatile in both reliability and price.
Read Full Article »
