INTIEAKorea · K-Grid Global Expansion StrategyPolicyIn force

K-Grid Global Expansion Strategy

The strategy supports overseas expansion of Korea’s grid industry, including power cables, transformers, converters, ESS and grid solutions. The government launched the public-private K-Grid Export Alliance and set a target of USD 15 billion in grid-related exports by 2030,…

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Country / jurisdiction: Korea · Year: 2024 · Status: In force · Level: National · Type: Voluntary

The strategy supports overseas expansion of Korea’s grid industry, including power cables, transformers, converters, ESS and grid solutions. The government launched the public-private K-Grid Export Alliance and set a target of USD 15 billion in grid-related exports by 2030, equivalent to more than 5% of the global market. It aims to build integrated export packages covering generation and grid infrastructure, target fast-growing HVDC and large-demand industrial markets, and support companies through project discovery, finance, trade insurance, legal assistance and overseas partnerships. The strategy also seeks to create more Korean firms with annual grid exports above USD 100 million.

Official source: https://eiec.kdi.re.kr/policy/callDownload.do?num=260564&filenum=2&dtime=20241211030309

Source

https://www.iea.org/policies/31685

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