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Chairman Kim Yeong-hun of Daesung Group to Attend Davos Forum Meeting

He will actively publicize the forthcoming ‘Daegu World Energy Congress 2013’. Chairman Kim Yeong-hun of Daesung Group will attend the annual meeting of the World Economic Forum, called the Davos Forum, set to be held on January 23~27 in Davos-Klosters, Switzerland. Since he first attended the Davos Forum meeting in 2004 as a panelist whilst acting as vice chairman of the World Energy Council (WEC), Chairman Kim Yeong-hun has been attending the meeting every year for the last 10 years. Having been elected as co-chairman of the WEC in November 2012, Chairman Kim Yeong-hun will meet many global leaders in the energy area and take part in sessions at the Davos Forum meeting this year to actively publicize the 22nd World Energy Congress scheduled to be held in Daegu in October this year. And, Chairman Kim Yeong-hun will also attend ‘FEW security’ sessions, namely meetings related to food, energy and water, which are classified as the most insufficient resources for mankind by the United Nations. According to the ‘2013 Report on Global Risks’ recently published by the Davos Forum, shortage in water is cited as one of 5 risks that may occur within 10 years and affect the world most severely among 50 major global risks. Meanwhile, since 2007, Chairman Kim Yeong-hun has been sharing with Internet users in Korea major topics and issues discussed at the Davos Forum every year through his blog. Source: todayenergy

Jan.24.2013 | Daesung Today > CEO, The News > Korea
Chairman Kim Yeong-hun of Daesung Group Elected as Acting Chairman of Organizing Committee of Daegu World Energy Congress 2013

Chairman Kim Yeong-hun of Daesung Group is elected as the Acting Chairman of Organizing Committee of the 22nd World Energy Congress 2013, Daegu. For stable operation of the committee, the Organizing Committee of the World Energy Congress 2013 elected Chairman Kim Yeong-hun of Daesung Group, who is serving as the senior vice chairman of the committee, as the acting chairman in place of former Chairman Kim Joong-kyum (former president of Korea Electric Power Corporation) who recently resigned. At the annual general meeting of the World Energy Council (WEC) held on November 8 in Monte-Carlo, Monaco, Chairman Kim Yeong-hun was elected as one of the next co-chairmen whose term starts in October 2013. And he had served as the vice chairman for Asia Pacific between 2006 and 2011. With 94 member countries, the WEC is one of major international energy-related organizations along with the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC). The World Energy Congress is a triennial international event hosted by the WEC, and attended by more than 5,000 government officials, business leaders, and scientists from academia and research institutions in member countries. Its one-week programs include conferences and exhibitions. Previous congresses were held in Rome and Montreal in 2007 and 2010, respectively, and it is scheduled to be held in Daegu in 2013. source: e2news

Nov.22.2012 | Daesung Today > CEO, The News > Korea, Daesung Today > News
Younghoon David Kim, Chair & CEO, Daesung Group Elected WEC Co-chair

Source: Daesung Group - To serve 3 years as Co-chair before assuming Chair post in 2016 - First Korean to serve as head of an international energy organization - Korean leadership in the global energy community to be strengthened [November 9, 2012] Younghoon David Kim, Chair & CEO, Daesung Group has been elected as Co-chair of the World Energy Council (WEC). In 2013 Chair Kim will begin a three-year term as Co-chair followed by a three-year term as Chair of this influential London-based energy organization. Chair Kim’s election follows in the path of Koreans heading major international organizations such as Ban Ki-moon, Secretary General, United Nations and Jim Yong Kim, President, World Bank. On November 8 at the World Energy Council’s Executive Assembly held in Monaco by an overwhelming vote from WEC’s 90+ national Member Committees, Kim was elected Co-chair. In accordance with WEC’s statues, Kim will serve as Co-chair for three years before assuming the position of Chair from 2016 to 2019. Also in Monaco, Marie-Jose Nadeau, Executive Vice President-Corporate Affairs, HydroQuebec was selected to replaced the current WEC Chair, Pierre Gadonneix Honorary Chairman, ELECTRICITE DE FRANCE (EDF) The election of a Chair and Co-chair represents a system of governance newly adopted in Monaco. The rationale behind the adoption of this system is to widen WEC’s global presence from Euro-centered to a much more globally inclusive one. The new system, while allowing WEC to raise its profile through the activities of both Chairs, will also permit the organization to respond with a more specialized approach to the many energy related issues the public faces throughout the world as well as ensuring a smoother transition from one Chair to the next. Co-chair Kim began his association with WEC in 2006 when he was elected Regional Vice-chair for Asia Pacific and South Asia. He served in this post for two terms until 2011. During these years he made enormous contributions to WEC’s development especially as a spokesman for the energy needs of developing countries. He also played a pivotal role in Daegu, Korea’s successful bid to host the 2013 World Energy Congress, WEC’s premier event. Currently Co-chair Kim serves as the Executive Vice-chair of the WEC Daegu 2013 Organizing Committee. Co-chair Kim’s election signals not only the growing influence of Asia in the global energy market, but also will allow him to take advantage of his vast network of contacts throughout the world with organizations like the United Nations and APEC to promote cooperation on energy-related projects, especially in his prime area of concern, energy poverty. Up until now the focus has generally been on the suppliers and major energy companies located in the Middle East, Europe and North America. With Co-chair Kim’s election, Asia’s influence is expect to increase commensurate with its position as the world’s fastest growing energy market, In Monaco, Co-chair Kim noted in his address to the Executive Assembly that “At a time when the global energy market is dramatically changing, I will lead WEC to make the bold changes and important decisions that it will ensure its capacity to successfully represent every region and every energy type.” Related articles BIOGRAPHY – Younghoon David Kim About the World Energy Council (WEC)

Nov.9.2012 | Daesung Today > CEO, The News > Global, The News > Korea, Daesung Today > News
BIOGRAPHY – Younghoon David Kim

Source: Daesung Group Chairman Younghoon David Kim began his career in 1981 with Citibank in Seoul. He joined Daesung Group in 1988 as Vice President, served as President from 1994 to 2000, and has been owner and CEO of Daesung Group since 2000. Chairman Kim has led the Group’s growth through a two-tiered approach to management. The first tier involves the energy side of the business where his focus has been on ensuring safe delivery to 20 percent of the residential natural gas market in South Korea. In addition, Daesung has developed electric power and renewable energy sources including landfill gas-to-energy, a combined cycle gas power station and Korea’s first solar power tower system. The second tier comprises new revenue streams in the areas of venture capital and creative contents. Daesung Private Equity is a subsidiary with 25 years of experience and investments in 350 start-up companies. A leader in creative contents, Daesung’s affiliate, the portal site Korea.com, has over 2 million overseas Facebook fans. Over the years Chairman Kim has served as Vice Chair for Asia Pacific and South Asia, WEC (2005-2011), The 8th & 9th Chairman, Korea City Gas Association (2002-2008), Korea Representative, APEC (Asia-Pacific Economic Cooperation) Business Advisory Council (1999-2011), Honorary Consul, Mongolia (2001-2011), Chairman, Korea Foundation for International Cultural Exchange (2009-2012), and Chairman, Daegu Athletic Association (2005-current). In August 2012 he was appointed to the Energy Council of Korea, providing direct input to the Ministry of Knowledge Economy, which is responsible for Korea’s energy policy and securing energy resources. Chairman Kim has had extensive experience as speaker, panellist and participant in numerous international events. In 2004 he was asked to appear as a panellist at the World Economic Forum in Davos at a session entitled the “The Korean Peninsula and Stability in East Asia” where he spoke on the North Korea nuclear issue. In addition, Daesung Group has hosted two of Korea’s major energy forums: the Daesung World Energy Forum in 2007 and the World Green Energy Forum in 2008. Chairman Kim is the recipient of many awards including the PBEC (Pacific Basin Economic Council) Award for his global contribution to environmental causes in 2003, the Order of Industrial Merit (Bronze Tower) at the 12th Gas Safety Promotion Convention in 2005, and Recipient of Order of the Pole Star from the Mongolian government in 2008, the highest award given to a civilian in recognition for his contribution to the fight again desertification in the Gobi Desert in Mongolia. He received in August 2012 the Order of Sport Merit (Maengho “Tiger” Medal) given by the Ministry of Culture, Sports and Tourism for his contributions to the promotion of sports in Daegu. Younghoon David Kim received his MA in Theology from Harvard Divinity School in 1987. Previous to that he was a Special Student of International Economics at Harvard University Graduate School. He received his MBA (1981) and Master of Comparative Laws (1979) from the University of Michigan, Ann Arbor and his Bachelor of Laws from Seoul National University Law School in 1975. His hobbies are traditional Korean archery, swimming and hiking. He is married to Kim Jeong-yoon and together they have four children. Related articles Younghoon David Kim, Chair & CEO, Daesung Group Elected WEC Co-chair About the World Energy Council (WEC)

Nov.1.2012 | Daesung Today > CEO, The News > Korea
Greeting

Jul.18.2012 | Daesung Today > CEO
Younghoon David Kim

Younghoon David Kim Honorary Officer, World Energy Council Chair for International Affairs, WEC 2013 Daegu World Energy Congress Chairman and Chief Executive Officer, Daesung Group Chair, Culture Industry Committee, Federation of Korean Industries Chairman, Korea Foundation for International Cultural Exchange Chairman, Korean Association of Athletics Federation, Daegu Chairman Younghoon David Kim began his career in 1981 with Citibank in Seoul. He joined Daesung Group in 1988 as Vice President, served as President from 1994 to 2000, and has been owner and CEO of Daesung Group since 2000. Chairman Kim has led Group’s growth through a two-tiered approach to management. The first tier involves the energy side of the business where his focus has been on ensuring safe delivery to 20 percent of the residential natural gas market in South Korea. In addition, Daesung has developed electric power and renewable energy sources including landfill gas-to-energy, a combined cycle gas power station and Korea’s first solar power tower system. The second tier comprises new revenue streams in the areas of venture capital and creative contents. Daesung Private Equity is a subsidiary with 25 years of experience and investments in 350 start-up companies. A leader in creative contents, Daesung’s affiliate the portal site Korea.com, has over 2 million overseas Facebook fans. Over the years Chairman Kim has served as Vice Chair for Asia Pacific and South Asia, WEC (2005-2011), The 8th & 9th Chairman, Korea City Gas Association (2005-2008), Co-Chair, Technology and Information Working Group of APEC Business Advisory Council (ABAC) (2008-2011), Korea Representative, APEC (Asia-Pacific Economic Cooperation) Business Advisory Council (1999-2011), Honorary Consul, Mongolia (2001-2011) Chairman, Korea Foundation for International Cultural Exchange (2009-current), Vice Chairman, Korea Chamber of Commerce & Industry (2009-current), and Chairman, Daegu Athletic Foundation (2005-current). Chairman Kim has had extensive experience as speaker, panelist and participant in numerous international events. In 2004 he was asked to appear as a panelist at the World Economic Forum in Davos at a session entitled “The Korean Peninsula and Stability in East Asia” where he spoke on the North Korea nuclear issue. In 2008 he was appointed to chair a presidential commission, Contents Korea Committee, tasked with making recommendations on new growth engines for Korea in the field of creative contents. In addition, Daesung Group has hosted two of Korea’s major energy forums: the Daesung World Energy Forum in 2007 and the World Green Energy Forum in 2008. Chairman Kim is the recipient of many awards including the PBEC (Pacific Basin Economic Council) Award for his global contribution to environmental causes in 2003, the Order of Industrial Merit (Bronze Tower) at the 12th Gas Safety Promotion Convention in 2005, and Recipient of Order of the Pole Star from the Mongolian government in 2008, which is the highest award given to a civilian in recognition for his contribution to the fight against desertification in the Gobi Desert in Mongolia. Younghoon David Kim received his MA in Theology from Harvard Divinity School in 1987. Previous to that he was a Special Student of Global Economics at Harvard University Graduate School. He received his MBA (1981) and Master of Comparative Laws (1979) from the University of Michigan, Ann Arbor and his Bachelor of Laws from Seoul National University Law School in 1975. His hobbies are traditional Korean archery, swimming and hiking. He is married to Kim Jeong-yoon and together they have four children. source: WEC

Jun.18.2012 | Daesung Today > CEO, Energy Society > Who's Who
Younghoon Kim – Energy security and price regulation

Younghoon Kim – Daesung Group CEO As the price of oil increases, emergency countermeasures also increase. There will be a tax cut for oil and a decrease in the levy on oil imports. And when the price of oil increases, a 10th-day-no-driving system will be implemented by force, and conservation protocols for streetlamps, elevators, and neon lights will likely go into effect. However, just like everything, countermeasures take time. Everyday preparation is consequently less costly and more effective. Zhuge Liang won most of his battles with splendid strategies and tactics, but ultimately lost his most important war. In the Romance of the Three Kingdoms, the state of Shu Han had the advantage over other countries in terms of its location and that it could never be invaded; therefore, the best strategy for its kingdom was to lock its gates, ensure internal stability, and strengthen its power. Zhuge Liang, However, memorialized the Emperor during two separate expeditions, raised troops several times, and impoverished its power, resulting in his criticism, by some, for eventually creating conditions vulnerable to battles. It is often considered that Korea’s energy issue is also in this condition. Even though Korea does not have the ability to produce oil, the country’s energy prices are relatively inexpensive. We end up using and wasting so much energy that during the winter many people only wear their underwear in their homes because it is too warm. People also point out that the reason energy-guzzling industries, such as steel, petrochemistry, and the cement industry, are so prolific Korea, is that the energy market has been relatively inexpensive. An increase in price is hard to realize however, because many public utility charges are deeply connected to the energy market. Electric charges, gas charges, and district heating charges are all regulated by the government. As a result, the correct amount of taxes, if imposed on certain types of oil, such as diesel, could place excessive pressures on the lives of everyday people through additional bus fees or increased freight rates,. We import 97% of the total energy we use. We are the fourth largest oil-importing country and sixth largest oil-consuming country in the world. There is a strong feeling, however, that the fees linked to energy are politically regulated. If that is the case, it is better to leave it to the market to formulate a reasonable price The energy-saving business, ESCO, does not work well in Korea. For example, the energy-saving technique of cutting the power to lighting and cooling systems, by automatically sensing the presence of people in a building after office hours, is widely utilized in overseas countries, but not so much in Korea. The levy on oil imports is used for developing oilfields and establishing oil stockpiling facilities. The government, however, has recently been trying to deduct its price as a countermeasure for high oil prices. This is not desirable. In such conditions, we should not be negligent in making long-term decisions to solve the fundamental problems of suppliers, such as overseas oil field development and stockpiling of oil. Just as we cannot eat rice seeds when food is scarce, because we need those seeds to grow more rice in the future; even though we don’t have much now, we need to prepare and save, little by little for our future. Therefore, energy fees should not be excessively regulated. If people in the energy business disturb the market order and damage fair competition through unreasonable profits, price fixing and collusion, there should obviously be strong enforcement actions taken against them. The government, however, will have to faithfully lead the market with acceptable prices and consumers will have to react to those prices reasonably. Moreover, the cross-subsidization that often occurs between different energy business types and the distortion of relative price systems should be minimized. Source: Hankyung Magazine

Mar.26.2012 | Daesung Today > CEO, The News > Opinions

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