The move, while essential for environmental sustainability, is expected to have significant economic and social implications for regions heavily reliant on the coal industry.
The Ministry of Trade, Industry, and Energy outlined its revised plan in 2024, reaffirming the closure of 28 coal power units by 2036 and an additional 12 units by 2038.
This accelerated timeline is projected to lead to substantial job losses, particularly in main operations and subcontracted positions, even with a shift to liquefied natural gas (LNG) power generation.
To mitigate these challenges, the government has formed a joint council involving relevant ministries, local authorities, and power companies to develop strategies for a smooth transition.
“We urgently need concrete measures, including the construction of alternative power plants and special support legislation,” said Taean Mayor Ka Se-ro at a recent council meeting. Taean County in South Chungcheong Province, a major coal-producing region, is among those facing significant economic repercussions, including potential losses of billions of dollars and population decline.
While some regions, such as Dangjin City, are exploring alternative energy sources like hydrogen power, the overall transition remains complex and fraught with uncertainty. As South Korea strives to achieve its climate goals, it must balance the need for sustainable energy with the economic and social well-being of affected communities.
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