The Korea Electric Power Corporation and LG Group have signed a deal to jointly promote the “Global Eco Platform Jeju” project which aims to make the island carbon-free by 2030. A scaled-down version of the project will begin next year in the form of an eco-town. Mike Laidman has more.

The “Global Eco Platform Jeju” project aims to replace all traditional cars on the island with electric vehicles by 2030. Jeju City, the Korea Electric Power Corporation, and LG Group recently signed a memorandum of understanding to implement the project together.

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Won Heeryong / Jeju governor
The provincial government will do everything in its power to ensure that the project proceeds smoothly.
<녹취:원희룡 제주도지사>
"지방정부에서 할수 있는 공공이 해야될 역할에 대해서 모든것을 가리지 않고 이 사업에 대해서 원할하게 신속하게 모든 노력 다하겠습니다."

[camera]
Kim Yong-min

The three parties will launch a special purpose company (SPC) to run the project.
LG Group has said it has high expectations, and has shown its dedication by agreeing to invest 3 trillion won in the operation.

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Ha Hyun-hwoi / President, LG Corp.
Jeju’s carbon-free project is not only important for the island, but it is significant on a national level. It will provide the impetus for corporations to become more competitive.
<녹취:하현회 (주)LG 대표이사 사장>
"이번 제주도의 카본프리 아일랜드 사업은 비단 제주도 뿐만 아니라 대한민국, 기업의 경쟁력을 훨씬 한단계 앞설수 있는 국가차원의 중요한 프로젝트라고 생각합니다"

The addition of state-run power company KEPCO to the project is expected to boost the development of renewable energy as well as the infrastructure needed to build electric cars. KEPCO has the know-how and experience when it comes to providing eco-friendly energy to island regions, and is already in the process of conducting projects on next-generation energy storage facilities.

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Cho Hwan-eik / President, KEPCO
The project is garnering interest, not just domestically, but internationally, too. I believe many will try to follow suit.
<녹취:조환익 한국전력공사 대표이사>
"우리나라 국민뿐만 아니라 세계에서 주목을 하기 시작하게 됐고 이 시스템을 어떻하든지 도입하려고 하는 분위기가 생길거라고 생각합니다."

Before being fully implemented in Jeju, the carbon-free ‘Global Eco Platform Jeju’ project will be initiated in an eco-town testbed.

[reporter]
Mike Laidman

If successful, the project will be expanded to include all of Jeju.

The Jeju Center for Creative Economy & Innovation will also join in then, and provide opportunities for local corporations to take part. An international industry model for this kind of renewable energy will also be devised for future reference.

Mike Laidman, KCTV