implementing details effective in 2022. Due to Korea's unique regulatory environment, both of these PPA structures differ from PPAs in other regions. The third-party trilateral PPA was legalised first, as a structure that allows users from directly purchasing from generators. Amid rising corporate demand for large-capacity PPAs, including from data centres, Korea's electricity market implementing rules, easing restrictions on direct bilateral PPAs. PPAs are less common in Korea than in other countries, possibly because they were only introduced in 2021. Amongst RE100 companies in Korea in 2024, less than 2% of compared with many other regions globally. generators at a rate of one certificate for 1 MWh. The Renewable Energy Portfolio minimum proportion of their portfolio from renewable generation. They may do so another generator's portfolio. Large consumers may choose to purchase RECs to