South Korea has taken a significant step in boosting its clean hydrogen power generation market by opening the bidding for power generation using hydrogen or hydrogen compounds. The government introduced a clean hydrogen power generation bidding market last year, with a target volume of 6500 GWh. However, only 11.5% of the target was secured due to issues with generation price. This year, the target volume has been set at 3000 GWh for a 15-year transaction period, focusing on reducing greenhouse gas emissions through the use of carbon-free fuel, clean hydrogen. To enhance the market and address industry demands, new systems like the exchange rate-linked settlement system and volume borrowing system have been introduced. These aim to alleviate risks for business operators by reflecting exchange rate fluctuations and allowing for the early use of the next year's volume in cases where contracted generation volume is not met. The general hydrogen power generation bidding market, on the other hand, aims to promote distributed generation sources and has a bidding volume of 1300 GWh with a 20-year transaction period. The government evaluates bids comprehensively, considering factors such as clean hydrogen utilization, fuel import stability, and industrial and economic contributions to select the final bidders for both markets. Overall, the innovative bidding system and focus on clean hydrogen highlight South Korea's commitment to sustainable energy solutions and reducing carbon emissions in the power generation sector.