South Korea: National Energy Technology R&D

The Research and Development Center for Energy and Resources (RACER) was founded as an affiliate of KEMCO in 1992 to take charge of managing R&D as well as financial assistance. A 10-Year Energy Technology Development Plan was implementedfrom 1997 to 2006 cover a wide range of renewable and general technologies. Also in effect is the 1987 Alternative Energy Development Promotion Act under which a Basic Plan for the Development of New and Renewable Energy Technologies was established in 1988. Currently, eight energy sources (solar, bio, waste, small hydro, wind, hydrogen, ocean and geothermal) and two related technologies (fuel cell and coal utilization technologies) are defined by the Alternative Energy Development Promotion Act as target technologies. RACER is responsible for managing research and development for new and renewable energy sources through selection, support, operation, evaluation and management of the research and development projects.

Date Implemented: 1987

Status: In Force

References: http://www.unescap.org/esd/energy/publications/compend/ceccpart2chapter3...