By Yi Whan-woo
Domestic enterprises are promoting their technologies and products on energy efficiency at the country's first World Energy Congress (WEC) that kicked off Sunday in Daegu for a five-day run.
A total of 182 private and public companies from Korea are running exhibition booths to promote their business strategies at the largest international conference in the energy sector.
The number accounts for more than two thirds of the 263 energy giants from 24 countries that are running 987 booths on a 22,000 square meter space at the Exhibition and Convention Center (EXCO).
"Korea will be able to highlight its competence in the energy industry through active participation of its companies in the exhibition," the WEC Daegu 2013 Organizing Committee Chairman Cho Hwan-eik said. "We anticipate that domestic firms will have a chance to expand their overseas sales."
The local companies include state-run firms such as the Korea Gas Corporation, Korea National Oil Corporation, as well as Korea Electric Power Corporation (KEPCO). It is the country's largest electricity provider where Cho serves as the chairman.
Some of the top 10 conglomerates such as LG, SK, and POSCO are also on the list.
"We'll focus on featuring the smart grid that is used in designing electric cars and other energy-efficient products," a KEPCO spokesman said.
The country's leading steel manufacturer POSCO said they will share its knowhow and ideas on reducing greenhouse gas emissions for energy efficiency, and engineering systems for natural gas production.
LG said they will introduce efforts to nurture its solar energy, smart grid and energy storage system business together as part of its next growth engine.
Some 88 small- and medium-sized enterprises (SMEs) from here will also run their own booths in a separate space prepared by the organizing committee, it said.
Six Russian energy companies including Gazprom will run booths to showcase their expertise in the energy field. China will also introduce its energy giants, including the State Grid Corporation of China (SGCC). It is one of the world's largest electricity utilities companies and ranked seventh among the top 500 global firms rated by Fortune magazine.