Samsung and LG Target Heat Pump Boiler Growth as Korea Weighs Heating Electrification Aid

South Korea’s Ministry of Climate, Energy and Environment is selecting targets for a heating electrification program as it marks 2026 as the first year of the policy push, while Samsung Electronics and LG Electronics are moving to expand the heat pump boiler market. The two companies are aiming at demand tied to government support with high-efficiency heating solutions. Heating electrification is drawing attention as part of a shift from fossil fuel-based heating to electric, high-efficiency systems. However, concerns over higher electricity use and potential bill shocks remain a key variable. Whether the progressive electricity tariff system is improved has also emerged as a central issue for wider adoption. As government project selection and rate discussions proceed together, competition between Samsung and LG in heat pump boilers is expected to intensify. Source: mk.co.kr