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A Fisheries Monitoring Centre was established and started operation in March 2014.

(...) In 2014, the main energy sources were petroleum (37%), coal (30%), LNG (17%), and nuclear energy (12%).

Energy Vision 2030 aimed at reducing energy intensity, with three basic directions: energy security, energy efficiency, and environmental friendliness. In 2008, the Basic Energy Law was enacted, in accordance with which the Basic National Energy Plan 2008-2030 established Korea's energy efficiency objective: to reduce energy intensity. In 2013, the second Energy Master Plan 2013-35 was announced, aiming at reducing energy consumption by 13% by 2035, through measures in areas such as demand management, establishment of a generation system, environment protection and public safety, energy security and stable supply. The overall energy saving goal for 2035 is nearly 34 Mtoe: 47% in industry (16 Mtoe), 36% in the transport sector (12 Mtoe), 13% in the residential and commercial sector (4 Mtoe), and 4% in the public sector (1.3 Mtoe). The Government plans to rely more on environmentally friendly new and renewable energy such as photovoltaic energy and wind power energy (increasing their share from 3.9% in 2014 to 11% by 2035), and reduce its reliance on fossil fuels.

To reach the target, the Government is to follow the following steps: improving energy efficiency and reducing energy consumption; increasing the supply of clean energy and reducing the use of fossil fuels; boosting the green energy industry; and ensuring that Korean citizens have access to affordable energy.

The energy efficiency programmes are implemented by the Korea Energy Agency (KEA), created under the Rational Energy Utilization Act. Businesses that invest in energy-saving technologies are entitled to financial and technical support, and tax credits (up to 6% of the investment cost). Large energy consumers must conduct energy audits every five years, while up to 70% of the audit costs for small- and medium-sized enterprises (under 10 ktoe/year) are subsidized. Industries investing in CHP (combined heat and power) plants for their own heat supply are entitled to tax reductions.

Factories consuming more than 2 Ktoe, and operating in four sectors (paper, petrochemical, food, electrical and electronics) may participate in the Energy Saving Partnership Programme (ESP), which aims to share new energy saving technologies within the industry. In 2015, a total of 102 companies were involved in this programme, saving 64 Ktoe of energy.

The Ministry of Trade, Industry and Energy (MOTIE) is in charge of energy policy development and implementation. Energy-related environmental policy is overseen by the Ministry of Environment. The Korea Electricity Commission (KOREC) is the electricity supply regulator. In addition, a number of SOEs play an active role in the energy sector, such as the Korea National Oil Corporation (KNOC), the Korea Gas Corporation (KOGAS), and the Korea Electric Power Corporation (KEPCO). Reportedly, the Government is considering partially privatizing KEPCO and KOGAS.

Until end-2018, a transportation-energy-environment tax continues to be levied on gasoline (₩475 per litre) and diesel oil (₩340 per litre), instead of the individual consumption tax (Section 3.4.1.1). As of 2016, flexible transportation-energy-environment tax rates were applied to gasoline and diesel oil within a 30% range of the statutory tax rates, i.e. ₩529 per litre and ₩375 per litre, respectively. Conditional exemptions apply to petrol and diesel used in the manufacture of medical goods, fertilizers and petro chemicals, vehicles for disabled persons or rental usage.

(...) In 2015, electricity was generated from coal (40%), nuclear power (31%), natural gas (22%), oil (2%), and renewables (3.5%). (...)

(...) In 2001, KEPCO (Korea Electric Power Corporation) was split into six competing generating companies, one of the six – Korea Hydro and Nuclear Power (KHNP) – owns all the hydro and nuclear assets in Korea. (...)