Korea's Ministry of Trade, Industry and Energy has kicked off this year's bidding market for clean hydrogen power and general hydrogen power, signaling a strong push towards renewable energy sources. The clean hydrogen power market will see a bidding volume of 3,000 gigawatt-hours (GWh) and a 15-year contract period, equivalent to the annual electricity consumption of around 850,000 households. Power generation from clean hydrogen is scheduled to commence by 2029 following a three-year preparation phase. To cater to industry demands, new mechanisms such as an exchange rate-linked settlement system and a hydrogen volume borrowing system will be introduced in this market. In parallel, the general hydrogen power bidding market will offer 1,300 GWh with a 20-year contract period, aiming for power generation initiation by 2027 after a two-year preparation period. The introduction of these bidding markets reflects South Korea's commitment to diversifying its energy mix and reducing dependence on traditional fossil fuels. Final bidders for the clean hydrogen power market will be selected around November, while those for the general hydrogen power market will be chosen approximately in August, providing an opportunity for stakeholders to engage in the country's renewable energy transition. This initiative not only emphasizes the importance of clean hydrogen in the energy sector but also sets a positive roadmap for sustainable power generation in South Korea.