South Korea is the fourth largest energy consumer among developed countries after the United States, Japan, and Germany. South Korean energy industry has reported remarkable growth during the past few decades, says “South Korean Energy Sector Analysis”, a research report by RNCOS. At present, South Korea is almost entirely dependent on imports to meet its energy demand because of limited domestic energy resources. As per our research, oil is the dominant source of energy in South Korea with around 40% share in overall energy consumption in 2009. Coal is the second-largest source of energy consumption in South Korea.