FROM: Daesung Group

Daesung Group Chairman Younghoon David Kim visits the UAE to participate in the 'Global Energy Forum'

- Participates in global forum as a WEC Chairman to discuss energy issues
- Reviews preparations for 2019 WEC in Abu Dhabi with UAE Government officials and key members of the organizing committee
- Plans to attend the World Economic Forum in Davos Switzerland after UAE visit

Younghoon David Kim, Chairman and CEO of Daesung Group, and Chair of the World Energy Council, will visit the UAE. He will participate in ‘The Atlantic Council Global Energy Forum’ as a panel member. Furthermore, he will meet with the UAE Government officials and key members of organizing committee to evaluate preparations for 2019 World Energy Congress in Abu Dhabi.

Chairman Kim will have one-on-one meetings with Awaidha Murshed Ali Al Marar, Chairman of the Department of Energy in Abu Dhabi, Humaid Matar Al Dhaheri, CEO of Abu Dhabi National Exhibitions Company (ADNEC) and Mohamed Al Hammadi, CEO of the Emirates Nuclear Energy Corporation (ENEC) on January 11th. The purpose of the meetings is to evaluate the preparations for the 24th World Energy Congress in Abu Dhabi in 2019 and to discuss plans for the successful hosting of congress. Energy cooperation among the UAE, WEC and Korea will also be discussed in the meetings.

In addition, Chairman Kim will participate in ‘The Atlantic Council Global Energy Forum’, which will be held from January 12th to the 13th. ‘The Atlantic Council Global Energy Forum’ is a major international energy forum attended by important figures including Khaldoon Khalifa Al Mubarak, Chairman of the Abu Dhabi Executive Affairs Authority, who recently visited Korea, and Suhail bin Mohammed Al-Mazrouei, the UAE Minister of Energy. Government representatives and CEOs of energy companies from all over the world will gather at the forum to discuss the outlook for the global energy market as well as forecasts and strategy for the rapidly changing energy sector. This year, various key topics such as ‘The Geopolitics of the Energy Transformation’, ‘Financing and Governing the New Energy World’, ‘Our Electric Future’ and ‘Women in Energy’ will be discussed in the forum.

Among the different sessions, Chairman Kim will be the only Asian panel member in the special CEO discussion session '2018 Energy Market Trajectories - A View from the Top' on 12th. As Chairman of the World Energy Council (WEC), Chairman Kim will present insightful views on global oil market, LNG market outlook, and Asian energy market in 2018.

The discussion will be moderated by Summer Said, Middle East Energy and OPEC Correspondent of the Wall Street Journal, and other participants include CEOs from the world’s major energy companies including Hunter L. Hunt, CEO of Hunt Consolidated Energy and Ayman Asfari, CEO of Petrofac.

Chairman Kim commented, "I will meet with UAE government officials and key people from the private sector. I am already deeply impressed that of the world's leading oil producers, UAE has a passion and a grand plan to drastically reorganize the energy industry by expanding its energy mix including nuclear power plant and renewable energy, etc.” He added that, “I believe if the resources and capital from the Middle East countries such as the UAE are combined with our technology, it will not only bring a positive change in the global energy market, but also contribute greatly to creation of our core business in future. Also, I’m confident that the ‘2019 WEC World Energy Congress in Abu Dhabi’ will be the best congress ever, based on UAE’s passion, active support and excellent planning.”

After the UAE visit Chairman Kim plans to attend the World Economic Forum in Davos Switzerland.

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