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We take you down south now to the Korean city of Daegu, where the World Energy Congress
is well underway. President Park Geun-hye stopped by to deliver
a speech during which she elaborated on Korea's energy policies and
proposed ways to secure clean and safe energy. Our presidential office correspondent Eoh
Jin-joo reports. President Park has pledged to develop Korea's energy industry
into a driving force in her push for a creative economy.
Speaking at a special session of the World Energy Congress in Daegu on Wednesday, President
Park introduced a plan
to use information and communications technology in energy storage and management systems,
to reduce energy
consumption and then sell the saved energy to a power exchange market.
By doing so, President Park said Korea could reduce the peak demand for electricity to
at least 1 million kilowatts by the
year 2017, create 15-thousand new jobs and a market worth 3-point-3 billion dollars.
The president proposed three ways to overcome the current energy challenges facing the world,
which she called the
"In order to overcome the Energy Trilemma and secure clean and safe energy that is available
to everyone, we need to
break away from the current measures and make a resolute and expansive shift of the system."
She first called for a new system in which energy producing and consuming countries could
cooperate to create a stable
energy market and carry out joint projects for resources development.
President Park emphasized the importance of investing more in developing new energy technologies,
from smart grids to
eco-friendly cars, to minimize the negative impact on the environment and to boost job
creation. She also said countries should revise their
current energy policies and regulations, especially their pricing systems, at a
time when the focus is being shifted to "clean and safe" energy.
The World Energy Congress, dubbed the "Energy Olympics," is held once every three years.
This year's event is the biggest ever, with some 6-thousand energy related officials and
experts from 1-hundred-10
countries participating. Eoh Jin-joo, Arirang News.