[A New Turning Point for Korea’s Renewable Energy Market]

Korea’s renewable energy market is set for a major transition. With the reform of the Renewable Portfolio Standard (RPS), the existing market based on RPS and Renewable Energy Certificates (RECs) is expected to shift toward a government-led, long-term fixed-price contract market. Offshore wind is also moving toward a planned-site framework, under which the government designates project sites and selects developers, following the implementation of the Special Wind Power Act.

In this edition, GR Korea looks at the new leadership and key members of the Climate, Energy, Environment and Labor Committee, the RPS reform and offshore wind transition, and the key policy and regulatory issues to watch as the new market frameworks take shape.

Read the full newsletter below.

This chapter concludes our series on the key standing committees for the second half of the 22nd National Assembly. Starting next week, we will launch a new series, “2026 National Assembly Audit: Key Issues,” beginning with the major audit issues facing the Science, ICT, Broadcasting and Communications Committee.