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Title [News] David Younghoon Kim, CEO and Chairman, Daesung Group to Participate in The World Economic Forum On East Asia in Tokyo 2006.06.15

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300 Business Leaders from 27 Countries to Convene In his capacity as Vice Chair of the World Energy Council, David Younghoon Kim, CEO and Chairman, Daesung Group is participating in the The World Economic Forum on East Asia held in Tokyo, Japan on June 15 and 16. This gathering, the first ever regional meeting in Japan of the World Economic Forum, brings together more than 300 global leaders from business, politics, government, academia, civil society, and the media from 27 countries. The overall theme of the meeting is “Creating a New Agenda for Asian Integration.” The meeting’s Co-chairs are Hassan Marican, President and Chief Executive Officer, PETRONAS (Petroliam Nasional), Malaysia; Henry A. McKinnell, Chairman and Chief Executive Officer, Pfizer, USA; Kunio Nakamura, President, Matsushita Electric Industrial Co., Japan; Nandan M. Nilekani, President, Chief Executive Officer and Managing Director, Infosys Technologies, India; Sir Martin Sorrell, Group Chief Executive WPP, United Kingdom; Junichi Ujiie, Chairman, Nomura Holdings, Japan; and Yun Jong-Yong, Vice-chairman and Chief Executive Officer, Samsung Electronics, Republic of Korea. On Friday, June 16 Chairman Kim will deliver remarks on the topic of “Regional Energy Outlook: How to Achieve Efficiency and Security?” during an afternoon session of the Forum. He plans to note that the “Big 5” energy consumers (the United States, Japan, China, Korea and India) “must cooperate to maintain a stable price and secured supply of internationally traded oil through the sharing of information to improve both the supply and demand side of the oil trade.” In conjunction with this, he plans to point out that the use of alternative energy sources and the efficient use of current energy resources is vital. Chairman Kim will use the example of Daesung Group’s Mongolia Gobi Desert Pilot Project for Hybrid PV and Wind Power to show how use of solar and wind sources can provide practical solutions in meeting energy needs and describe the Group’s latest proposal to the Korean government for an energy park project in the Gobi desert to combat yellow dust and sandstorms. The Forum’s Director for Asia, Lee Howell noted that “No single institution can both anticipate as well as address Asia’s evolving agenda. Therefore The World Economic Forum on East Asia is designed instead to generate insight and to promote action that will improve the alignment of Asia’s regional, global, and industry agendas.”

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