January 2019: Korean Market Analysis and ForecastDOWNLOAD
Korea Emission Trading Scheme
Korea ETS Auction
Korea's first ETS allowance auction is scheduled on the 23rd of January 2019 when the government is set to auction off 550,000 tons of permits. Only compliance entities are allowed to participate in the auction. Currently, there are 127 companies from 26 industries that are eligible to participate.
Supply shortage continued through the months of December 2018 and January 2019. KAU18 entered KRW 25,000 in mid-December cementing the four consecutive months' price uptrend to close the year. The ratio between KAU18 intramarket and OTC transactions from January 2018 until January 2019 is 13.2% and 86.8%, respectively, and the proportion of intraday and negotiated transactions stand at 2% and 98%, respectively.
The first auction slated to start on January 23 will have a direct impact on the price of intramarket dealings, positively affecting market trading.