IEEE Power & Energy Magazine - November/December 2014 - 65

Imports

Primary Energy

Transformation

Final Energy

Overseas Dependence
96% (US$184.8 billion)

278.7 mil. toe
(100%)

70.6 mil. toe
(25.3%)

208.1 mil. toe
(74.7%)

19.6 mil. t

Domestic Production 4%

18.01%

LNG

Residential
10.24%
Commercial
7.96%

Heat
1,751.2 thou. toe

26.96%

Transportation
17.85%
Public 2.29%

Electricity

Bituminous

5,095.7 bil. kWh

Uranium
748.3 t U

China, Australia, 8.1 mil. t
Vietnam

Naphtha etc.
Industrial
Resource
22.08%

Town Gas

Nuclear
Bituminous
LNG
Oil
Anthracite
Hydro
Renewable

11.38%

Nuclear

2.1%

Anthracite
Hydro
Renewable

3.46%

Electricity

29.5%
37.6%
22.4%
5.5%
1.4%
1.5%
2.1%

Public 6.1%

Oil

Residential
13.6%
Commercial
26.4%

Russia,
United States,
Australia

Industrial 61.64%

Industrial
53.4%

Australia, China, 114.6 mil. t
Indonesia

3 mil. b/d

Refining
38.09%

Transportation
0.5%

Crude Oil
Middle
East (85.1%)
927 mil. bbl
-Saudi (32%)
-UAE (9.1%)
-Kuwait (14.5%)
Asia (9.3%)
Africa (1%)
36.2 mil. t
Qatar, Oman,
Indonesia

figure 3. Energy balance and flow in South Korea, 2012.

november/december 2014

2,000

2,000

1,800

1,800

1,600

1,600

1,400

1,400

1,200

1,200

1,000

1,000

31
20

13

-1

2-

30
020

09

-1

820

05

-0

620

01

-0

419

97

-0

2-0
93
19

31

600

29

600

30

800

26

800

figure 4. The currency exchange rate: number of KRW equivalent to US$1, 1989-2013.
300

1,200,000
GFP (2005 Prices)
Primary Energy Supply (= PES)

250

800,000

200

600,000

150

400,000

100

200,000

50

0

(mil. toe)

1,000,000
(bil. KRW)

0
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
12

largest consumers of final electrical energy are the industrial sector (approximately 53.4%) and the
commercial sector (26.4%).
The energy-related general
historical outlook data are given
in Figures 4-7. Figure 4 shows
the exchange rate history for the
South Korean won (KRW) and the
U.S. dollar over the last 25 years.
The KRW is the monetary unit of
the Republic of Korea (South Korea). The KRW averaged 989.06
to the U.S. dollar from 1981 until
2014, reaching an all-time high of
1,962.50 in December 1997 and a
record low of 667.20 in July 1989.
As of 5 June 2014, the currency
rate was 1,020 KRW per U.S. dollar. Figures 5, 6, and 7 show the
trend in primary energy supply and
GDP, energy intensity by country,
and energy consumption per capita
by country over the last 30 years,
respectively. The data reveal that
the energy consumption density
and efficiency in South Korea is
low relative the figures for other
developed countries. South Korea
is therefore exerting considerable
effort to achieve higher energy

figure 5. South Korean trends in primary energy supply and GDP, 1981-2012.
ieee power & energy magazine

65



Table of Contents for the Digital Edition of IEEE Power & Energy Magazine - November/December 2014

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IEEE Power & Energy Magazine - November/December 2014 - Cover3
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