René Muschter
Research Expert covering Industry & Mobility
Mining in South Korea - statistics & facts
Little attention has historically been paid to South Korea’s mining industry, but recent events have brought the spotlight on the potential of the country’s untapped mineral resources. The Korean peninsula has deposits of iron, limestone, and other raw materials that have allowed for the development of mines in the past in regions such as the provinces of North Chungcheong and Gangwon. The lack of profitability in operating these mines, as opposed to importing raw mineral materials for processing, led to most of them closing, particularly for metal mining. But with a global race underway to procure rare metals needed for semiconductors, batteries, and other technologies, there is renewed attention toward the domestic mining industry.
