South Korean energy and maritime regulatory developments

South Korea is implementing various regulatory and operational updates across its energy and maritime sectors to enhance safety, security, and sustainability.

In the energy sector, organizations are focusing on safety reforms and infrastructure management. The Gyeonggi LPG Sales Association is seeking local ordinances to cover LPG container re-inspection costs, while the Korea Gas Corporation has secured space safety certification for its five LNG production bases. Additionally, the Korea Gas Safety Corporation is reviewing regulatory improvements to strengthen accident prevention in industrial and residential areas. Corporate shifts, such as SK Gas’s decision to merge with SK Advanced, aim to integrate propane and propylene value chains to manage global supply fluctuations.

In the maritime sector, efforts are directed toward securing supply chains and transitioning to carbon-neutral fuels. The Korea Maritime Institute has held forums to discuss mitigating risks in economic security and logistics. To support the shift toward eco-friendly fuels, the Ministry of Oceans and Fisheries has amended the Port Transport Business Act. This includes creating new classifications for eco-friendly fuel supply businesses and allowing temporary use of existing cargo ships to supply methanol and ammonia to address specialized vessel shortages.