South Korea Risks Falling Behind in Global Hydrogen Race

With 93.7% energy import dependence, South Korea is cutting hydrogen support: fuel-cell vehicle subsidies drop 23% to 445.7 billion won and refueling station subsidies fall 37% to 119.7 billion won. Tax breaks are phasing out, hydrogen power bidding volumes fell from 1,300 GWh to 930 GWh, and the Hydrogen Economy Committee has not met since November 2024.

• South Korea's energy import dependence stood at 93.7% as of 2024
• Hydrogen vehicle subsidies cut 23% to 445.7 billion won
• Refueling station subsidies slashed 37% to 119.7 billion won
• Hydrogen power bidding volume reduced from 1,300 GWh to 930 GWh