<s>
The	O
smart	B-Device
grids	I-Device
in	I-Device
South	I-Device
Korea	I-Device
constitute	O
a	O
platform	O
that	O
is	O
re-imagining	O
electricity	O
grids	O
,	O
equipping	O
it	O
with	O
technology	O
that	O
allows	O
more	O
capability	O
,	O
particularly	O
in	O
addressing	O
the	O
demands	O
of	O
the	O
21st	O
century	O
and	O
the	O
future	O
.	O
</s>
<s>
The	O
country	O
views	O
the	O
smart	B-Architecture
grids	I-Architecture
,	O
along	O
with	O
the	O
so-called	O
"	O
new	O
energy	O
industries	O
"	O
,	O
as	O
an	O
emergent	O
pillar	O
of	O
the	O
Korean	O
economy	O
.	O
</s>
<s>
According	O
to	O
Korea	O
Electric	O
Power	O
Corporation	O
(	O
KEPCO	O
)	O
,	O
one	O
of	O
the	O
leaders	O
of	O
the	O
initiative	O
,	O
"	O
smart	B-Architecture
grids	I-Architecture
would	O
help	O
the	O
country	O
use	O
more	O
renewable	O
energy	O
sources	O
and	O
cut	O
overall	O
energy	O
consumption.	O
"	O
</s>
<s>
The	O
South	O
Korean	O
smart	B-Architecture
grids	I-Architecture
include	O
the	O
following	O
components	O
:	O
</s>
<s>
Smart	O
transport	O
:	O
installation	O
of	O
sophisticated	O
systems	O
to	O
effectively	O
manage	O
the	O
connections	O
of	O
electric	O
vehicles	O
to	O
the	O
smart	B-Architecture
grid	I-Architecture
;	O
and	O
,	O
</s>
<s>
Accordingly	O
,	O
Korean	O
initiatives	O
in	O
smart	B-Architecture
grid	I-Architecture
and	O
Internet	B-Operating_System
of	I-Operating_System
things	I-Operating_System
largely	O
take	O
reliable	O
backhaul	O
connectivity	O
for	O
granted	O
.	O
</s>
<s>
KEPCO	O
,	O
as	O
of	O
2014	O
,	O
planned	O
to	O
"	O
spend	O
US$155	O
million	O
between	O
2015	O
and	O
2017	O
on	O
developing	O
technologies	O
that	O
will	O
reduce	O
spending	O
on	O
power	O
,	O
as	O
well	O
as	O
boosting	O
energy	O
saving	O
and	O
efficiency	O
"	O
and	O
set	O
2030	O
as	O
the	O
date	O
to	O
deliver	O
universal	O
smart	B-Architecture
grids	I-Architecture
for	O
"	O
power	O
generation	O
,	O
distribution	O
and	O
consumption	O
"	O
and	O
to	O
export	O
them	O
to	O
all	O
of	O
Southeast	O
Asia	O
.	O
</s>
<s>
In	O
2011	O
,	O
KEPCO	O
had	O
earmarked	O
investment	O
of	O
US	O
$7.18	O
billion	O
in	O
its	O
smart	B-Architecture
grid	I-Architecture
business	O
to	O
meet	O
this	O
2030	O
goal	O
.	O
</s>
<s>
By	O
early	O
2020	O
the	O
spending	O
of	O
27.5	O
trillion	O
won	O
over	O
the	O
next	O
two	O
decades	O
on	O
smart	B-Architecture
grids	I-Architecture
was	O
to	O
make	O
electricity	O
distribution	O
more	O
efficient	O
,	O
reduce	O
greenhouse	O
gas	O
emissions	O
and	O
save	O
US$26	O
billion	O
in	O
energy	O
imports	O
.	O
</s>
<s>
In	O
July	O
2015	O
KEPCO	O
announced	O
a	O
deal	O
with	O
telco	O
LGU+	O
to	O
develop	O
Internet	B-Operating_System
of	I-Operating_System
things	I-Operating_System
technologies	O
jointly	O
.	O
</s>
<s>
As	O
part	O
of	O
these	O
efforts	O
,	O
Korea	O
launched	O
a	O
Smart	B-Architecture
Grid	I-Architecture
national	O
project	O
to	O
achieve	O
green	O
growth	O
in	O
a	O
transparent	O
,	O
comprehensive	O
,	O
effective	O
,	O
and	O
efficient	O
way	O
.	O
</s>
<s>
This	O
project	O
envisions	O
laying	O
the	O
foundation	O
for	O
a	O
low	O
carbon	O
,	O
green-growth	O
economy	O
by	O
building	O
a	O
Smart	B-Architecture
Grid	I-Architecture
.	O
</s>
<s>
In	O
light	O
of	O
this	O
,	O
Korea	O
came	O
up	O
with	O
a	O
proactive	O
and	O
ambitious	O
plan	O
to	O
build	O
a	O
Smart	B-Architecture
Grid	I-Architecture
Test-bed	O
on	O
Jeju	O
Island	O
to	O
prove	O
its	O
determination	O
in	O
the	O
low	O
carbon	O
,	O
green-growth	O
strategy	O
.	O
</s>
<s>
The	O
initiative	O
aims	O
to	O
become	O
the	O
world	O
's	O
first	O
"	O
all-inclusive	O
"	O
test-bed	O
and	O
to	O
transform	O
Jeju	O
as	O
the	O
"	O
world	O
's	O
largest	O
Smart	B-Architecture
Grid	I-Architecture
community.	O
"	O
</s>
<s>
To	O
address	O
climate	O
change	O
,	O
Korea	O
has	O
recognized	O
the	O
necessity	O
of	O
rolling	O
out	O
a	O
Smart	B-Architecture
Grid	I-Architecture
as	O
infrastructure	O
for	O
the	O
low	O
carbon	O
,	O
green	O
industry	O
in	O
preparation	O
for	O
its	O
binding	O
reductions	O
of	O
greenhouse	O
gas	O
emissions	O
.	O
</s>
<s>
2009	O
,	O
Korea	O
’s	O
Green	O
Growth	O
Committee	O
presented	O
"	O
Building	O
an	O
Advanced	O
Green	O
Country	O
"	O
as	O
its	O
vision	O
,	O
and	O
specified	O
the	O
contents	O
of	O
the	O
Smart	B-Architecture
Grid	I-Architecture
.	O
</s>
<s>
Korea	O
Smart	B-Architecture
Grid	I-Architecture
Association	O
and	O
Korea	O
Smart	B-Architecture
Grid	I-Architecture
Institute	O
hosted	O
2010	O
World	O
Smart	B-Architecture
Grid	I-Architecture
Forum	O
,	O
sponsored	O
by	O
Ministry	O
of	O
Knowledge	O
Economy	O
and	O
Presidential	O
Committee	O
on	O
Green	O
Growth	O
.	O
</s>
<s>
It	O
was	O
mainly	O
held	O
to	O
ascertain	O
the	O
present	O
of	O
the	O
domestic	O
smart	B-Architecture
grid	I-Architecture
sector	O
and	O
to	O
identify	O
a	O
future	O
direction	O
for	O
development	O
.	O
</s>
<s>
In	O
Feb	O
.	O
2009	O
,	O
the	O
implementation	O
of	O
these	O
projects	O
was	O
connected	O
with	O
the	O
Smart	B-Architecture
Grid	I-Architecture
Initiative	O
,	O
a	O
core	O
element	O
of	O
Seoul	O
’s	O
Green	O
Growth	O
Strategy	O
.	O
</s>
<s>
The	O
Smart	B-Architecture
Grid	I-Architecture
Initiative	O
mainly	O
targets	O
the	O
modernization	O
of	O
electric	O
power	O
systems	O
.	O
</s>
<s>
This	O
received	O
very	O
high	O
level	O
attention	O
:	O
President	O
Lee	O
Myung-Bak	O
announced	O
on	O
August	O
15	O
,	O
2008	O
,	O
Korea	O
’s	O
new	O
national	O
vision	O
“	O
Green	O
Growth	O
,	O
Low	O
Carbon.	O
”	O
To	O
implement	O
this	O
vision	O
KSGI	O
was	O
established	O
,	O
to	O
manage	O
comprehensively	O
the	O
government	O
’s	O
Smart	O
Grip	O
roadmap	O
;	O
operate	O
a	O
Smart	B-Architecture
Grid	I-Architecture
test-bed	O
,	O
pilot	O
city	O
;	O
and	O
extend	O
other	O
policy	O
support	O
for	O
Smart	B-Architecture
Grid	I-Architecture
related	O
issues	O
.	O
</s>
<s>
By	O
late	O
2014	O
these	O
objectives	O
were	O
substantially	O
realized	O
and	O
Korea	O
was	O
exporting	O
smart	B-Architecture
grid	I-Architecture
technologies	O
to	O
other	O
countries	O
.	O
</s>
<s>
KSGI	O
aims	O
to	O
explore	O
projects	O
on	O
the	O
development	O
of	O
technology	O
that	O
encompasses	O
the	O
convergence	O
of	O
electric	O
power	O
and	O
IT	O
;	O
support	O
cooperation	O
among	O
industry	O
,	O
academia	O
and	O
research	O
institute	O
;	O
pursue	O
international	O
cooperation	O
and	O
certification	O
,	O
standardization	O
as	O
well	O
as	O
security	O
;	O
and	O
ultimately	O
achieve	O
low	O
carbon	O
green	O
society	O
to	O
better	O
the	O
lives	O
of	O
people	O
and	O
improve	O
the	O
environment	O
by	O
building	O
a	O
nationwide	O
Smart	B-Architecture
Grid	I-Architecture
.	O
</s>
