Korea: GHP market success
Korea's first gas engine driven heat pump (GHP) has been successfully commercialized since October 2005 by LS Cable using its own technology. Given the heavy use of air conditioners during the summer months and peak high energy consumption, the Korean government encourages the use of gas-driven equipment. The Korean GHP market is estimated to be about 150 billion won and was previously entirely dependant on Japanese import. LS Cable expects to sell 1000 units in 2006, concretizing domestic production of both indoor and outdoor units.