Recently laws have been enacted to build and promote the use of smart grid. There are also increasing demands for the compliance with international trade agreements and the related international standards. Due to these rapid changes in electric power industry and the market expansion, importances of new technologies and processes have been being increased. To reflect these international trends, the government have carried out the designation of new technology for electric power industry to promote domestic industries and national competitiveness by inspiring technology developments in individual or private industry sectors. In this paper analysis of the current status of the designation of the new technology of electric power has been presented including its problem and effect on the related industries. The analysis is expected to be utilized to enhance sound development and to vitalize the electrical new technology regulation.