TY - JOUR AU - AB - The energy poverty in Korea has been generally increasing regardless of the oil price fluctuations, but there were almost no fluctuations in the ratios from 2011 to 2013. Several implications emerge from the empirical findings. First, social minorities, like the elderly, the handicapped, and single-parent families, as well as low-income families are more vulnerable to energy poverty. This is supported by the logit regression results. Second, one of the causes of low-income households falling into energy poverty may be that they cannot afford energy-efficient electronic appliances. The energy poverty ratio can be alleviated by energy welfare programs; thus, government intervention is required. Keywords: Determinants of Energy Poverty, Energy Poverty, Logit Regression, Oil Price Hike 1. Introduction In July 2007, the world experienced a drastic increase in the oil price, which continued until mid-2008 and had a significant influence on the economy (Figure 1). However, the price dropped sharply at the beginning of 2009 and, after that, showed a moderate increase. Once again, the oil price began to increase in early 2011 and stayed at the record level of 2008 until the end of 2014. These kinds of oil price hikes inevitably have a negative effect on households’ standard of TI - The Effect of the Energy Price Increase on the Energy Poverty in Korea JF - Indian Journal of Science and Technology DO - 10.17485/ijst/2015/v8i8/69319 DA - 2015-04-01 UR - https://www.deepdyve.com/lp/unpaywall/the-effect-of-the-energy-price-increase-on-the-energy-poverty-in-korea-cSZGdFbeFa DP - DeepDyve ER -