South Korea Oil and Gas Market Size and Forecast to 2033
South Korea oil and gas market size reached USD 390.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,340.0 Million by 2033, exhibiting a growth rate (CAGR) of 13.30% during 2025-2033. The growing need for energy in the industrial sector to operate heavy machinery, increasing demand for a reliable supply of crude oil and natural gas, and rising improvements in oil and gas exploration represent some of the key factors driving the market.