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South Korea Cuts Transmission Towers 40% for Grid Expansion

Bloomberg Markets •
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South Korea plans to reduce new transmission towers by up to 40% and increase underground power lines as part of an electricity grid expansion to meet rising demand from data centers and semiconductor plants. The measures, unveiled by Minister Kim Sung-hwan on Tuesday, aim to ease local opposition while adding capacity to connect renewable generation. 'We need to reduce social conflict by communicating sufficiently with residents and sharing tangible benefits, while expanding the necessary power grid in a timely manner,' Kim said. The artificial intelligence boom is driving global electricity demand increases, requiring grid investment.

The government plans to consolidate transmission lines, use existing infrastructure more, and expand underground cables in densely populated areas. Communities hosting transmission infrastructure will receive greater financial benefits, including income from renewable-energy projects, with increased compensation and consultation.