South Korea has a vibrant renewable energy market. According to its Green New Deal, the Korean government plans to increase the installed capacity of solar energy and wind energy from 18GW last year to 29.4GW in 2022. In the future, more solar energy systems will be installed in 225,000 buildings. South Korea may allocate about 4GW of photovoltaic capacity in two photovoltaic tenders in 2021, which are expected to start in April and October respectively.

On August 31, 2021, South Korea's National Assembly passed the Carbon Neutralization and Green Growth Act, making the country the 14th country to commit to achieving carbon neutrality by 2050. The Act requires the government to reduce greenhouse gas emissions by 35% or more in 2018 by 2030. Other countries with legislative commitments to reduce carbon dioxide emissions include Canada, France, Germany, Ireland, Japan, New Zealand, Spain, Sweden and the United Kingdom.

In a report on August 31st, 2021, Yonhap News Agency said that as part of the budget plan for carbon neutral measures, the government plans to spend about 12 trillion won (US$ 10.3 billion) on reducing greenhouse gas emissions in 2022, of which 8.3 trillion won will be invested in low-carbon projects in the energy, industry, transportation and land sectors, and a climate response fund worth 2.5 trillion won will be established.

In January, 2021, local media reported that the country's goal is to achieve 40.3% of electricity supply from renewable energy by 2034, reaching 77.8GW of power generation capacity. According to the data of Korea Energy Agency, South Korea added 1017MW photovoltaic installed capacity in the first quarter, making the cumulative photovoltaic installed capacity in the country reach about 15.5GW.

At present, Kinsend's monthly export of pv mounting system products to South Korea has been increasing, and the design scheme of solar panel racking system projects and the supply of products have been well received by customers. Thank you for your support, and look forward to the establishment of stable solar panel support structure project services around the world.