FROM: Daesung Group

Daesung Group Chairman, Younghoon David Kim

Attends Davos Forum for the 13th time

- 13th consecutive year attending; will share onsite insights through personal blog

- To discuss energy issues in his capacity as the Co-chair the World Energy Council

[January 12, 2016] Younghoon David Kim, the Chairman of Daesung Group, will be heading to Switzerland on January 19th to attend the 46th annual summit of the World Economic Forum in Davos, Switzerland held from January 20th to 23rd. Chairman Kim has attended the Davos Forum for 13 consecutive years since 2004.

This year’s theme at WEF is ‘Mastering the Fourth Industrial Revolution’ where intense discussions on the effects of the transition to the digital era will take place. Kim, who will become the chair of the World Energy Council (WEC) this year, will be sharing his opinions about the impact on society of this transition with other energy industry leaders and government officials.

Chairman Kim stated “This year, WEF is more focused on change and innovation as methods to overcome crises. The energy and environment issue paradigm is shifting drastically due to the post-2020 climate agreement concluded at the Paris Climate Conference (COP21) and the prolonged low price of oil. The key to the paradigm shift is innovation in energy systems made through the convergence of new energy technology and other technologies such as IT.” He added “In anticipation of my inauguration as WEC Chair, I will exchange a wide spectrum of views on the energy paradigm shift and sustainable energy development with other global experts in line with WEC’s philosophy of supporting the well-balanced supply and use of energy.”

Chairman Kim will be sharing major agenda items and discussions from Davos with Korean netizens through his personal blog: www.younghoonkim.com.

###