Energy sector investment priorities:
Formulate mid- to long-term investment strategies/portfolios to determine technology development priorities.---Improve safety: Prioritize safety in the operation of nuclear power plants by expanding investment[...].---◎ Build capacity for overseas resource development: Reorient public enterprises toward high risk areas and long-term investment, while private enterprises focus on areas with high market potential.---Investment promotion: Encourage heavy energy consumers and public organizations to make
a large investment in ESSs (Energy Storage Systems) by revising electricity rates and related systems.---Increased investment by KEPCO in efficiency improvement: Reinforce KEPCO's efficiency improvement projects starting from 2014.---Promote private sector investment by expanding the investment guarantee scheme for the Resource Development Fund from the current 1.9 trillion won to 4 trillion won by 2017, and by enhancing principal protection for investors in the fund.---Expansion of R&D and creation of portfolios: Focus investment on renewable energy R&D until 2024. Investment should grow more than 5% annually.
Financial incentives for energy infrastructure:
Incentive: Increase installation cost support and loans for small and medium-sized companies: Give additional credits when assessing the eligibility of EMS(Energy Management System)-based energy conservation projects for financial support.---Provide incentives based on the level of participation of related domestic industries in the development stage. Such incentives may include preference for resource development companies when applying for loan programs.
Tax and duty exemptions for energy equipment:
Provide tax credits for investment in installing EMS(Energy Management System) and lengthen the diagnosis interval when those subject to the Energy Diagnosis adopt EMS (3-5 years → 10 years maximum, revision of the Energy Use Rationalization Act).
Independent power producers:
Promotion of distributed power generation: Allow private power generators (e.g., solar PV power generator rental), energy donations (to social welfare centers) and other relevant activities to be counted as implementation of renewable energy.---Integration of the solar PV and non-solar PV markets: Integrate the solar PV market into the broader market from 2016 in order to give more options to power generators, increase flexibility, etc.
Investment climate development:
Build capacity for overseas resource development: Reorient[...] private enterprises focus on areas with high market potential. [E]xpand support to encourage private investment and entrance into related industries, such as plant construction.---Promotion of distributed renewable energy: [P]romote private investment, including investment in the financial sector.---Promote private sector investment by expanding the investment guarantee scheme for the Resource Development Fund from the current 1.9 trillion won to 4 trillion won by 2017, and by enhancing principal protection for investors in the fund.
Public Private Partnerships:
Build capacity for overseas resource development: [E]xpand support to encourage private investment and entrance into related industries, such as plant construction.---Undertake public-private joint investment of 2 trillion won in win-win commercialization projects that will create future growth engines for both SMEs and large companies by 2035.---Encourage the launch of private-public consortiums in which public enterprises take the lead in the high-risk exploration stage while the private sector takes the lead in the low-risk stages of development and production.
Overseas investment support:
Support for overseas projects: Provide package support for overseas projects, from the initial stage to installation, in order to encourage domestic companies to enter overseas markets.---Build capacity for overseas resource development: Reorient public enterprises toward high risk areas and long-term investment, while private enterprises focus on areas with high market potential. Shift the focus of public enterprises from M&As and share purchases to exploration and development activities and operating rights, expand support to encourage private investment and entrance into related industries, such as plant construction.---Global green market: Establish comprehensive support mechanisms, supporting all stages of a project from selection and planning to financing and implementation, to help domestic businesses enter foreign markets.