Wood Pellet Market Analysis In South Korean and Japan

Same

The   use of wood pellets for power plants both Japan and South Korea is policy   driven, namely Renewable Portfolio Standard (RPS) in Korea and Feed in Tariff   (FIT) in Japan

Different

How   the mechanism of supplying wood pellets in the two countries is different.
  Japanese buyers prefer long-term contracts with fixed prices, wood pellet   producers also enter sustainability criteria (for example proven by FSC),   good forest management practices and stable macroeconomic conditions.
  While Korean buyers prefer the price of cheap wood pellets in "open   markets" with short-term contracts.