The Korean government has recently implemented new measures to encourage the production and use of clean energy solutions.
The Low Carbon Green Growth initiative started in 2009, and the National Energy Master Plan expect massive changes before 2030. Korea plans to reduce greenhouse gas emissions by 37% and to improve energy efficiency by 46% by 2030.
European companies can bring solutions to shortcomings in Korea’s energy system.
Most opportunities are found in solar thermal, solar photovoltaic, hydropower, biomass, biogas, biofuel and geothermal sectors. The new policies implemented by the local government are stimulating demand for energy-efficient solutions that pollute less and are cost-effective.
Energy management systems, energy efficiency and carbon services, environmental consulting, energy conservation, off-grid solutions, and greenhouse gas emission reduction are also expected to grow.
EU Gateway | Business Avenues organises a mission focused in Green Energy Technologies to help European companies establish partnerships and relations with leading Korean players.
Through matchmaking and one-on-one coaching, the Programme will provide selected companies with all the necessary tools to do business in Korea.
European companies ready to tackle this promising market can apply online to this EU-funded mission.