Korea's Evolving Solar Photovoltaic Policies and Their Impact on the Country's Market and Industry

Abstract

Korea restructured its industry following the 1998 Asian financial crisis and its ICT industry has developed strongly since that time. The Korean government regards the current economic downturn as an opportunity to adjust its economy from an export- and technology-driven economy to green-driven economy. The government envisages the solar photovoltaic industry as its next strategic industry, following the semiconductor and display industries. Despite of its efforts in 2008 to expand its support for the solar photovoltaic industry, the Korean government has begun running out of funds in 2009. This report analyzes Korean government policies for the solar photovoltaic market and examines future trends in solar photovoltaic market demand.

Table of Contents

1. The Korean Solar Photovoltaics Industry Riding Green Wave

• 1.1 Green Development New Economic Growth Driver
• 1.2 Solar Photovoltaic Industry Becoming Next Emerging Industry in Korea

2. Government Runs Short of Funds for Solar Photovoltaic Programs

• 2.1 The Green Home Policy
• 2.2 Feed-in Tariff Programs
• 2.3 Enterprise Financial Subsidies for Solar Photovoltaic Facility

MIC Perspective

Appendix

List of Topics

• 1. Energy and green plans of Korea' s solar photovoltaic industry, including the role of the Korean government in building the industry
• 2. The Korean government' s solar photovoltaic programs for the industry, including the one million green home program, the feed-in tariff program, and the financial subsidy program.
• 3. The Korean 100,000 green home program roadmap, 2001 - 2012
• 4. Companies and organizations mentioned in the report include: Hyundai, LG, Samsung

List of Tables

• Table 1 Energy and Green Policies Launched by the Korean Ministry of Knowledge Economy in 2008
• Table 2 Korea' s New Solar Photovoltaic Feed-in Tariff Program

List of Figures

• Figure 1 The Korean Solar Photovoltaic Deployment Policies, 2009
• Figure 2 Korea' s 100,000 Solar Photovoltaic Home Program Roadmap, 2001-2012