Electric power industry in Korea: Past, present, and future
Electrical power is an indispensable tool in the industrialization of a developing country. An efficient, reliable source of electricity is a key factor in the establishment of a wide range of industries, and the supply of energy must keep pace with the increasing demand which economic growth creates in order for that growth to be sustained. As one of the most successful of all developing countries, Korea has registered impressive economic growth over the last decade, and it could be said that the rapid growth of the Korean economy would not have been possible without corresponding growth in the supply of electric power. Power producers in Korea, and elsewhere in Asia, are to be commended for successfully meeting the challenge of providing the necessary power to spur what some call an economic miracle. The future continues to hold great potential for participants in the electrical power industry, but a number of important challenges must be met in order for that potential to be fully realized. Demand for electricity continues to grow at a staggering rate, while concerns over the environmental impact of power generating facilities must not be ignored. As it becomes increasingly difficult to finance the rapid, and increasingly larger-scale expansion of the power industry through internal sources, the government must find resources to meet the growing demand at least cost. This will lead to important opportunities for the private sector. It is important, therefore, for those interested in participating in the power production industry and taking advantage of the newly emerging opportunities that lie in the Korean market, and elsewhere in Asia, to discuss the relevant issues and become informed of the specific conditions of each market.
- Research Organization:
- US Department of Energy (USDOE), Washington DC (United States); Korea Electric Power Corp. (KEPCO), Seoul (Korea, Republic of)
- OSTI ID:
- 81427
- Report Number(s):
- CONF-941089-Vol.1; ON: DE95011612; TRN: 95:016756
- Resource Relation:
- Conference: US-Korea electric power generation seminar mission, Seoul (Korea, Republic of), 24-28 Oct 1994; Other Information: PBD: [1994]; Related Information: Is Part Of US-Korea Electric Power Generation Seminar Mission: Proceedings, Volume 1; Harris, J.J. [USDOE Deputy Assistant Secretary, Washington, DC (United States). Office of Science and Technology Policy]; PB: 459 p.
- Country of Publication:
- United States
- Language:
- English
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