Meta Data
Title in national language: 
지능형전력망의 구축 및 이용촉진에 관한 법률
Draft: 
No
Revision of previous policy?: 
No
Draft Year: 
2011
Effective Start Year: 
2017
Scope: 
National
Document Type: 
Act
Economic Sector: 
Power
Energy Types: 
Power
Issued by: 
Ministry of Trade, Industry & Energy
Overall Summary: 
The purpose of this Act is to create smart grids and facilitate the use thereof to develop related industries, cope proactively with global climate changes, lay foundations for future industries oriented to low carbon and green growth, and ultimately contribute to the innovation of the environment for the use of energy and the growth of the national economy.
Environment
Cooperation in env.: 
In order to take the initiative in coping internationally with climate changes and promote the advancement into international markets for smart grid projects, the Minister of Knowledge Economy shall grasp international trends and promote international cooperation.
Energy Supply and Infrastructure
Infrastructure development priorities: 
The Government shall prepare measures for systematic growth of the smart grid industry by improving regulations on smart grid projects and creating an environment for successfully inducing investment from the private sector.---The Government shall establish and implement a master plan for creation and facilitation of use of smart grids (hereinafter referred to as "master plan") for every five years.
Investment
Energy sector investment priorities: 
The Government shall prepare measures for systematic growth of the smart grid industry by improving regulations on smart grid projects and creating an environment for successfully inducing investment from the private sector.
Financial incentives for energy infrastructure: 
Where a smart grid business entity [...]makes an investment necessary for the realization of public interests, such as publicness and safety of smart girds, as prescribed by Presidential Decree, the Government may fully or partially subsidize the business entity for expenses incurred therein.
Investment climate development: 
The Government shall prepare measures for systematic growth of the smart grid industry by improving regulations on smart grid projects and creating an environment for successfully inducing investment from the private sector.
Public Private Partnerships: 
The Government shall prepare measures for systematic growth of the smart grid industry by improving regulations on smart grid projects and creating an environment for successfully inducing investment from the private sector.---Smart grid business entities shall participate in measures taken by the Government for the systematic growth of the smart grid industry and shall cooperate with the Government in such measures.
Overseas investment support: 
In order to take the initiative in coping internationally with climate changes and promote the advancement into international markets for smart grid projects, the Minister of Knowledge Economy shall grasp international trends and promote international cooperation.
Governance
Energy management principles: 
In order to take the initiative in coping internationally with climate changes and promote the advancement into international markets for smart grid projects, the Minister of Knowledge Economy shall grasp international trends and promote international cooperation.
National policy structure: 
The Government shall establish and implement a master plan for creation and facilitation of use of smart grids (hereinafter referred to as "master plan") for every five years.---The Minister of Knowledge Economy shall establish and implement an implementation plan for the creation and facilitation of the use of smart grids (hereinafter referred to as "implementation plan") every year in order to implement the master plan.
Statistics collection and management: 
In order to establish and implement a plan for smart grids efficiently, the Minister of Knowledge Economy shall prepare and manage statistics of smart grids, in consultation with the Commissioner of the Statistics Korea.
Technology
Technology collaboration with other member States: 
In order to promote international cooperation in smart grid projects, the Minister of Knowledge Economy may render assistance in projects for the exchange of technology and human resources relating to smart grids, international standardization and international joint research and development of smart grids.