The industry is expected to see a steady CAGR of 2% over 2018-2023, supported by expanding gas demand from the energy generation sector and recovering manufacturing industries
Investment in wind and solar photovoltaic power generation capacity and energy storage systems is expected to rise, in line with South Korea’s renewable energy targets
The country’s pledge to shift from nuclear and coal power generation pushes electricity prices up
The South Korean utilities and recycling industry grows by 2% in 2018, driven by increasing demand for gas by the energy generation industry and rising electricity prices
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