B2B drives market demand, with B2B spending representing 88.1% of total demand in 2023. Korea Electric Power Corp is the largest company in South Korea, generating 87.2% of the industry’s total turnover value in 2023. The industry is concentrated, with the top five companies generating 97.1% of total production value in 2023. The total number of companies increases in 2023, to 2,052 units. The costs of the industry increase by 2.4% in 2023, largely driven by rising labour costs. The industry’s profitability increases and stands at 0.0% of turnover in 2023, the 19th highest regionally. With turnover of USD63.8 billion, South Korea accounts for 3.4% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Electricity in South Korea: ISIC 401. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electricity in South Korea: ISIC 401 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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