[Asia Future Business Forum] Wi Woonghwan: "Preparing ESG Innovation Strategy... Will Show Net Zero Future"

Congratulatory Address at the 10th 2022 Asia Future Business Forum

Yu Woong-hwan, a member of the Economic Subcommittee 2 of the Presidential Transition Committee, is delivering a congratulatory speech at the '2022 Asia Future Business Forum' hosted by Asia Economy on the 27th at the Western Chosun Hotel in Jung-gu, Seoul. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Yoo Hyun-seok] "The Transition Committee is preparing the Yoon Seok-yeol administration's ESG (Environment, Social, Governance) innovation strategy together with private experts and 17 key ministries."

On the 27th, Yoo Woong-hwan, a member of the Economic Subcommittee 2 of the Presidential Transition Committee, stated in a congratulatory speech at the '10th 2022 Asia Future Enterprise Forum' held at the Westin Chosun Hotel in Sogong-dong, Seoul, "The net-zero goal is both a crisis and an opportunity for us. Actively embracing new technologies and trying new approaches is the DNA of the Republic of Korea."

He referred to the 'Doomsday Clock' evaluated by the University of Chicago in the United States, emphasizing, "We are currently facing a major crisis due to ecosystem destruction and climate change." However, he added, "Looking back, humanity has overcome crises through the advancement of science and technology, and the Republic of Korea's resilience, having achieved in 40 to 50 years what Western developed countries took over 100 years to accomplish, is particularly remarkable."

He explained that since net-zero is the future of the Republic of Korea, it is necessary to actively adopt related technologies and try new initiatives. He emphasized, "If developed net-zero technologies become commercialized and widespread, we can realize a carbon-neutral society and protect the environment," adding, "Smart grids, ESS (Energy Storage Systems), hydrogen, SMR (Small Modular Reactors), and other technologies can simultaneously address Korea's growth and employment issues."

Along with this, since the Transition Committee is preparing the ESG innovation strategy, he expressed hope that it will be disclosed soon. He said, "The Transition Committee plans to present the draft of the Yoon Seok-yeol administration's ESG innovation strategy to the public and hold sessions to gather opinions," and added, "We will work harder to show everyone the Republic of Korea's net-zero future."

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