S Korea has jointed the Powering Past Coal Alliance on Nov 17, pledging to phase out coal power by 2040. This decision directly impacts Australia, a key coal exporter, with S Korean imports valued about A$2.3 bln ($1.5 bln) in 2025, Kpler data showed. Analysts warn this move signals a shift away from fossil fuel dependence, urging Australia to accelerate its transition to green industries.