# Korea Energy Agency

Korea Energy Agency is a Government / Public Body based in Ulsan, South Korea.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Ulsan, South Korea
- **Region:** Asia
- **Address:** 323, Jongga-ro, Jung-gu, Ulsan, 44538, South Korea
- **Founded:** 1980
- **Assets under management:** 329 (Altss estimate)
- **Website:** www.energy.or.kr

## About

Korea Energy Agency was established in 1980 as a government agency headquartered in Ulsan. Lee Sang-hoon holds the role of President. Its mandate centers on local energy supply oversight and development of new and renewable industries. The agency allocates resources across renewable energy infrastructure, energy efficiency testing, and conservation initiatives. It maintains direct ownership of the New & Renewable Energy Center and holds a limited partner position in the Ulsan Floating Offshore Wind Project. Operations span South Korea with activity in Ulsan and Jincheon plus coordination through twelve regional offices. Capital deployment occurs via project mandates and partnerships rather than external fund commitments. Korea Energy Agency reports 328.65 million USD under management. It maintains a network of twelve regional offices and operates the KEA Energy Welfare Program focused on energy access for vulnerable households. In September 2024 the agency sponsored the Korea Energy Show in Busan. The agency operates as the designated implementing body for International Energy Agency policies inside South Korea and maintains formal membership in the International Renewable Energy Agency. This structure ties investment decisions directly to national carbon neutrality legislation rather than independent portfolio construction.

## Sectors

- Renewable Energy

## People

- Lee Sang-hoon — President

## Questions

### Who runs investment decisions at Korea Energy Agency?

Lee Sang-hoon serves as President. Decisions align with mandates from the Ministry of Trade, Industry and Energy.

### Does Korea Energy Agency participate in fund commitments or only direct deals?

The agency executes direct project ownership and limited partner positions through its New & Renewable Energy Center.

### Which sectors does Korea Energy Agency explicitly target?

Activity centers on renewable energy, energy efficiency, and natural resources per its government mandate.

### Where does Korea Energy Agency maintain operations outside its headquarters?

Regional offices operate in Seoul, Incheon, Daejeon, Gwangju, and Jincheon.

### How is Korea Energy Agency related to Korea Electric Power Corporation?

KEPCO serves as the primary partner for grid integration and distribution projects.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/korea-energy-agency

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