South Korea to Introduce Special Law to push Renewable Energy Industrial Zones

South Korea’s presidential office announced plans on Thursday to pursue a new special law that would enable the creation of industrial zones fully powered by renewable energy.

This action is aimed at balancing regional electricity supply and demand.

Kim Yong-beom, the presidential chief of staff for policy, said the proposed legislation would facilitate the development of so-called “RE100” industrial zones, where businesses operate entirely on renewable sources such as solar and wind power.

During a policy meeting with senior aides, President Lee Jae Myung reviewed the proposal and suggested a series of incentives for companies based in these zones.

These include regulatory relief, improved residential infrastructure, and reduced electricity costs, according to Kim.

The government’s broader goal is to address South Korea’s uneven energy consumption patterns. While demand is concentrated in the Seoul metropolitan region, the country’s southwest holds a significant share of its renewable energy potential, Kim noted.

To move the initiative forward, a cross-ministerial task force will be assembled, involving the Ministries of Industry, Finance, and Transport. The group will be responsible for drafting the legislation and coordinating the development and implementation of the RE100 zones.