PV business market value South Korea 2019, by sector

In 2019, the market value of photovoltaics (PV) business in South Korea was estimated to amount to around 6.06 trillion South Korean won. The grid-connected centralized PV power took up the most value of the total market, with 5.7 trillion South Korean won. According to the source, the grid-connected centralized PV power refers to the PV installations for business use under a renewable portfolio scheme (RPS), while the grid-connected distributed PV power is the ones for self-use in households, various facilities including public facilities to commercial facilities, and others (off-grids). That year, total PV power installations in South Korea amounted to around 11.8 gigawatts with a steady increase since 1998.