WHAT 
  • South Korea is actively transitioning its energy mix, aiming to generate 20% of its electricity from renewable sources by 2030. This ambitious target is driving demand for advanced solar, wind, and clean energy technologies, creating significant opportunities for companies offering innovative solutions in these fields.  With the concentration of population and energy-intensive industries in the Seoul-Gyeonggi region, there is a pressing need to modernize and decentralize the power grid. Investments in smart grid technologies and distributed energy systems are essential to ensure stable and efficient energy supply, opening the door for foreign expertise and technology providers.
  • The Korean government’s commitment to achieving carbon neutrality by 2050 is to accelerate investments in sustainable infrastructure and green energy solutions. This policy environment favors companies that can contribute to Korea’s long-term decarbonization goals through innovative products and services.
  • The development of mega semiconductor clusters and AI data centers is expected to be more than double electricity demand in the coming years. This surge creates opportunities for companies specializing in energy efficiency, stable power supply, and advanced energy management technologies.
  • Also, solar and wind power facilities are mainly located in southern regional areas. This highlights the growing societal need for energy decentralization and increased investment in the power grid to meet the concentrated power demand in the capital region.

 

HOW 
  • Swedish companies are recognized for their advanced, sustainable technologies. By offering clean energy solutions and components, they can address Korea’s growing demand for renewables and energy efficiency.
  • With Korea’s focus on decentralizing and upgrading its power grid, Swedish firms can provide expertise and products for smart grids, energy storage, and grid stability, especially in the Seoul-Gyeonggi region where demand is surging.
  • Joining initiatives like the Sweden+Korea Green Transition Alliance allows Swedish companies to collaborate with Korean partners, increase visibility, and participate in joint branding and business development activities supporting Korea’s green transition.. 

 

CONTACT US 

For more information, contact Josie Ryu at josie.ryu@business-sweden.se.