Republic of Korea
Contracting Party: Korea Institute of Geoscience & Mineral Resources (KIGAM), Republic of Korea
Executive Committee Member: Yoonho Song, KIGAM, Republic of Korea
Alternate Member: Tae Jong Lee, KIGAM, Republic of Korea
Direct use geothermal utilization in Korea has been quite active since 2003, especially for geothermal heat pump (GHP) installation. The rapid increase of GHP is mainly due to active government subsidy programs and a special “Mandatory Act” for renewable energy deployment. An additional special subsidy program for GHP installation for greenhouses was launched in 2010, which will increase market size by US$ 160 million per year. The total installed capacity of GHP exceeded 500 MWth in 2012.
There has been increasing interest in geothermal power generation, especially in enhanced geothermal systems (EGS). The first EGS pilot plant project began at the end of 2010 and the first well spudded in the Pohang Field in September 2012. This is a five-year term, government funded and industry matching project.