Lee Myung-Bak
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ASIA-PACIFICBUSINESS & TECHNOLOGYNovember 2009 / Vol. 1, No. 6 W8,500 | www.biztechreport.com REPORT OF PRESIDENT LEE MYUNG-BAK Lee Hye-joo Anjan Lahiri INCREDIBLE ISSN 2092-7738 INDIA ASIA-PACIFICBUSINESS & TECHNOLOGY REPORT Contents November 2009 / Vol. 1, No. 6 | www.biztechreport.com COVER STORY 6 gReeN eNeRgy iNiTiATiVeS GREEN 32 Risk Factors 10 Pedal Power Consumer Tech industry Publisher: Lee Deuk Ho Editor-in-Chief: Lee Deuk Ho Seoul Promotes Bicycles Published by: Asia-Pacific Business & INNOVATION Technology Report Co. 34 Korean Websites Registration date: 2009.09.03 POLITICS Registration number: 서올중. 라00307 Lack of Foresight Price: W8,500/ US$8 12 Family Reunions Annual subscription fee: W96,000/ US$90 Reuniting Long-lost Relatives 36 MindTree Coping with global Recession Chief Consultant DR. LAkHViNDeR SiNgH IT 40 Emerging Opportunity Indo-Korean Business and Policy Forum Product Development and Resourcing Editorial Advisory Board 16 Web-Based Training N K Goyal President, Communications & Manufacturing 8 Reasons Against it Association of India, CMAI HUMAN DR. MezyAD ALTeRkAWi 20 Health IT Systems Associate Professor, King Saud University Long Road Ahead for Asia RESOURCES MR. eMANUeL yi PASTReiCH 42 Diversity Director, The Asia Institute 24 Cloud Computing MR. JUNgSoo JANg Workforce at Asian organizations President, Korea Future Institute A Number of Possibilities 28 Snovasoft To contact Asia Pacific Business and TRAVEL Technology Report for advertising, sub- missions, subscriptions or emerging giant in iT general comments please email to 46 India [email protected] FINANCE & Tourism industry The views and opinions expressed in the articles are those of the author and do not in any way reflect the editorial policy of Asia Pacific Business ECONOMY INTERVIEW and Technology Report 30 Where’s the Money? issue date: November 2009 50 Lee Hye-joo korea’s economy Sejong Technology 6 COVER STORY GREEN ENERGY INITIATIVES OF PRESIDENT LEE MYUNG-BAK By RAMCHANDRA PoDe The total energy consumption in the world is expected to increase to 22 gigatons of oil equivalent (gToe) per year in 2050, from the current 10 gToe per year. Fossil fuels provide Korea is a strongly developed industrial country with almost no local energy re- arbon emissions is causing cli- 70 percent of this total and non-fossil sources the other 30 per- mate change, resulting in higher cent. The non-fossil share is divided almost equally between sources. About 96.5 percent of its energy needs were imported in 2008. For a de- temperatures, more droughts, ris- renewable and nuclear energy. Consequently, energy-related cade, the Korean Government has been enforcing various policies in order to ease carbon dioxide emissions will increase strongly to 39.5 gtCo2 ing sea levels and more extreme in 2025 and 55 gtCo2 in 2050 from the 21.6 gtCo2 in 2000. this domestic dependence from overseas energy resources. The current global weather. A low carbon economy The future of human prosperity depends on how success- and green growth envisage the fully we tackle two central challenges; securing a stable sup- economic recession spurred President Lee Myung-bak to announce a “Green New ply of reliable and affordable energy, and effecting a rapid integration of all aspects of itself from manu- Deal – Green Energy Initiatives” where industrial development is based C transformation to a low-carbon, efficient and environmental- facture, agriculture, transportation and pow- ly benign system of energy supply. it is essential to shift to on eco-friendly and renewable energy technologies. er-generation, etc., around technologies that energy sources that can substantially reduce Co2 emissions compared with fossil fuels rather than concentrating energy- produce energy and materials with little gHg saving efforts on the existing energy portfolio. in this respect, emission. A low carbon technology is designed clean energies like renewable and nuclear should be an impor- paradigm that creates new growth engines and jobs with port. korea’s Co2 emission rate is to prevent dangerous climate change, and to tant alternative. green technology and clean energy. in the vision of “green ranked sixth among oeCD coun- korea is a strongly developed industrial country with al- reduce the rate of consumption of finite global growth,” green is a broader concept that transcends envi- tries and first in term of growth most no local energy resources. About 96.5 percent of its en- ronment, while growth does not conflict with, but comple- rate. Although South korea is a signa- resources. Moving to a low carbon economy ergy needs were imported in 2008. For a decade, the korean ments, the environment. economic growth is not impair- tory of the kyoto Protocol to combat and green growth not only addresses an envi- government has been enforcing various policies in order ing, but improving the environment. The environment global warming, it does not belong to to ease this domestic dependence from overseas en- ronmental imperative and technological could be considered a new engine for economic growth. the first group that has to cut carbon ergy resources. The current global economic reces- The green growth Policy also envisages an ambitious dioxide emissions by an average 5.2 per- developmental progress on energy, but sion spurred President Lee Myung-bak to announce plan to develop korea as a green hub for the global mar- cent below the 1990 level between 2008 and it is also a new business achievement. a “greeng New Deal – green energy initiatives” where ket. 2012. However, in the future, South koreakorea may industrial development is based on eco-friendly and re- be pressured to join the scheme from 2013. globally, Co2 accounted for 77 percent of total newable energy technologies. Salient Features of Green Growth Policy To address issues pertaining to energy security gHg emissions in 2004. Power generation, which ono Aug. 15, 2008 celebrating the 60th anniver- (i) Sustainable economic growth and sustainable industrial development, President Lee an- includes both electricity and heat generation sary of korea’s foundation, President Lee Myung-Bak nounced a long-term strategy that will determine the direc- from fossil-fuel combustion, is one of the major declared a vision of “Low Carbon, green growth” as the (ii) environmental sustainability (iii) Social development tion of its energy policy until 2030. As the implementation sources of Co2 emissions. in 2006, the Co2 emis- new national vision to lead korea’s future development for blueprint for the vision, the Basic National energy Plan sug- sions from fossil fuel use alone accounted for 41 the next 60 years. He envisaged a new development model he gests the realization of a ‘low energy-consuming society’ percent of total gHg emissions. electricity genera- named “The green growth Policy.” green growth refers to Energy Issues through the improvement of energy intensity to the level tion is by far the largest single source of Co2 emis- the sustainable growth and development without endan- korean dependency on overseas energy sources is about of 0.185 by 2030 from 0.341 at present. (energy intensity is sions. gering the climate. it is also a new national development 97 percent, ranked fourth in the world in petroleum im- TABLE 1: ESTIMATED CO EMISSION IN 2030 BY FUEL MIX (MILL. TON) 2 For the last two years, Fuel mix Coal LNG Oil Total Korea has recorded rapid As of 2007 184 50 56 289 growth in the PV indus- Target for 2030 136 2 3 140 try. The value chain in the (CO2 emission to be reduced by 52% in 2030) first generation solar cell has been accomplished. TABLE 2: FUTURE GROWTH OF RENEWABLE ENERGY Year Renewable Energy Contribution (%) wind market. encouragedncouraged by the strong government 2007 2.4 support of R&D programs, several big companies 2015 4.3 have been participating in wind turbine develop- 2020 6.1 ment projects including component localization. 2030 11.5 However, the korean wind farm business is still be- (Source: Ministry of Knowledge Economy, 2008) hind schedule and has been slow so far for several reasons, which include public acceptance issues, difficulty in getting permits for grid connection and limited sites because of mountainous onshore char- (UNIT: TRILLION WON) TABLE 3: KOREA’S R&D AIMS FOR GREEN TECHNOLOGY acteristics. Coping with all these barriers, more than Year 2008 2009 2010 2011 2012 550 MW of capacity is currently under development (scheduled through 2009) according to construction Green R & D 1 1.2 1.4 1.7 2.0 permit statistics at the end of 2007. (Source: National Science and Technology Council, Jan. 14, 2009) in 2007, the added installation capacity of wind energy was of only 18 MW. Despite barriers such as complex terrain at onshore sites, the korean wind generation capacity target of 2,250 MW by 2012 is a the energy volume (Toe) consumed for the production per renewable energy sources in new and newly renovated very ambitious goal. each US$1,000 in gDP.) it also seeks independence from fos- buildings are also envisaged in the Vision Document. sil fuels in the energy supply through a 4.6-fold expansion of the new & renewable energy ratio to 11 percent by 2030 Nuclear Energy from the present 2.4 percent, while reducing the fossil en- (i) Solar Energy Nuclear energy, which emits nearly no green- ergy ratio (based on the primary energy level), including With the steady technological gains and improvement house gas or pollutant, is recently receiving keen at- oil, to 61 percent by 2030 from 83 percent at present and in manufacturing, korea is targeting the fast growing glob- tention as the most suitable alternative energy source addressing the climate change-induced environmental & al solar energy market. Under the new government’s long- for the high oil-price era.