In February 2021, the South Korean government announced a KRW 48.5 trillion (approximately EUR 34 billion) project to develop an 8.2 GW wind complex offshore Sinan County, South Jeolla Province. The project is planned to be completed by 2030, when it would become the world’s largest single offshore development.

A few months later, the country’s president revealed the government would invest KRW 1.4 trillion (around EUR 982 million) in the first phase of a project developing a 6 GW floating wind farm offshore Ulsan.