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Sustainability: South Korea

September 2021

South Korea is a regional sustainability leader, thanks to its strong position in biodiversity protection, food availability and environmental resilience. As a developed country, South Korea can also boast universal electricity and clean water access, as well as great water productivity. Nevertheless, due to its fossil-fuel-dependent energy sector, pollution is elevated, and the water supply is increasingly strained on a per capita basis due to the effect of rising climate change on water resour

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Overview:

The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.

Each Country Briefing covers one of these topics:

Economy, Finance and Trade: Understanding the structure, health and potential risks of an economy are important for decision-making within an existing operating environment as well as for expansion strategies. Real GDP growth, inflation and exchange rate fluctuations will directly impact consumer market potential. Import and export trade profiles help gauge how open an economy is to trade and investment, while analysis of government finances can be used to explore macroeconomic stability and susceptibility to economic shocks.

Income and Expenditure: Insights into income, wealth and expenditure of consumers are vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment to target, which products or services to market, and at which price point. Other factors such as the size and expansion of the middle class and income inequality are also important in helping companies gauge the potential of a country market.

Households: Global shifts in gender, ageing, migration and housing are transforming the size, location,  general make-up as well as income and expenditure of households around the globe, with diverse implications for governments and companies. Households insights can help identify the decision-making processes and consumption tastes of different household groups and types within a country, and assess household appliance and digital readiness that is key for formulating market technology and internet strategies.

Business Dynamics: A stable and competitive business environment is vital to operate efficiently and attract inward investment. Businesses can assess these factors alongside challenges such as corruption, political instability and terrorism, also gain insight into business operating environment and make strategic investment decisions. Transport infrastructure, ICT readiness and labour force dynamics will also identify potential issues with a supply chain and the level of workforce skills.

Sustainability: Insights on key sectors directly related to the environmental sustainability of a country such as energy, water, pollution, environmental resilience, forest and biodiversity and food and agriculture help businesses to make strategic decisions in relation to environmental and sustainability trends, improve brand reputation and ensure long-term operations while ultimately growing the bottom line.

The briefings cover 103 countries and identify topics of crucial interest to planners, marketers and researchers.

Sustainability: South Korea

HEADLINES

PROSPECTS

South Korea aims to improve energy efficiency and gradually phase out coal and nuclear power from its energy mix
South Korea is one of the worst performers in terms of CO2 emissions from fossil fuels per capita
Sustainable forest management policy helps to protect country’s forests and biodiversity
Lack of renewable water resources available pose a threat to water supply
South Korea increasingly invests in smart farming
High resilience to extreme natural events thanks to sufficient response capacities

ENVIRONMENTAL SUSTAINABILITY INDEX

Chart 1 Environmental Sustainability Index: South Korea Chart 2 Global Sustainability Ranking: South Korea Chart 3 Energy Ranking: South Korea Chart 4 Energy Availability Landscape: South Korea Chart 5 Energy Efficiency, Security and Equity Landscape: South Korea Chart 6 Pollution Ranking: South Korea Chart 7 Air Pollution: South Korea Chart 8 Waste and Water Pollution Landscape: South Korea Chart 9 Forest and Biodiversity Ranking: South Korea Chart 10 Forest and Biodiversity Landscape: South Korea Chart 11 Water Ranking: South Korea Chart 12 Water Availability, Equity and Security Landscape: South Korea Chart 13 Water Security and Efficiency Landscape: South Korea Chart 14 Food and Agriculture Ranking: South Korea Chart 15 Food and Agriculture Landscape: South Korea Chart 16 Role of Agriculture in the Economy: South Korea Chart 17 Environmental Resilience Ranking: South Korea Chart 18 Environmental Resilience Landscape: South Korea
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