Republic of Korea

Since the beginning of the COVID19 pandemic in early 2020, Republic of Korea has committed at least USD 6.17 billion to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:

  • At least USD 4.89 billion for unconditional fossil fuels through 2 policies (2 quantified)
  • No public money commitments identified for conditional fossil fuels
  • At least USD 707.71 million for unconditional clean energy through 5 policies (5 quantified)
  • At least USD 575.83 million for conditional clean energy through 3 policies (3 quantified)
  • No public money commitments identified for other energy
Updated: 12 August 2020


At least

$4.89 billion

Supporting fossil fuel energy

$94.52

Per capita



At least

$1.28 billion

Supporting clean energy

$24.82

Per capita

By energy type, Republic of Korea committed at least USD 2.40 billion to oil and gas (at least USD 2.40 billion to unconditional oil and gas).

In addition, Republic of Korea committed at least USD 2.49 billion to coal (at least USD 2.49 billion to unconditional coal).

Further, no public money commitments identified for hydrogen based on fossil fuels.

Finally, no public money commitments identified for multiple fossil fuels.

A considerably larger amount of public money committed to supporting the economy and people of Republic of Korea through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector. However, these values are not available from official legislation and statements and therefore are not included in the database. Meanwhile, in addition to monetary and fiscal measures, the database lists other policies and regulations that can also provide benefits to producers and consumers of different energy types.

These public money commitments are additional to many other government policies that had existed to support different energy types before the COVID19 pandemic.

Public money commitments to fossil fuels, clean and other energy in recovery packages, USD billion, as of 12 August 2020