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Colombia Smart City Roadshow held

2024-03-18T12:59:25+09:002024.03.12|Overseas Smart City News|

Our company introduced smart city solutions to major Colombian companies and government officials. On March 3, we successfully held the Colombian Smart City Roadshow at the Bogotá Trade Center. In this roadshow, 7 Korean companies, government officials from Bogota, Cartagena, and Pasto, Colombia, and 5 buyers participated to discuss the technologies and items needed to introduce a smart city in Colombia. Key technologies discussed at the roadshow include security enhancement solutions using cutting-edge technologies such as IoT sensors and artificial intelligence, LED, and AI [...]

Japan's aging infrastructure maintenance, response to digitalization

2024-03-15T10:14:44+09:002024.03.07|Overseas Smart City News|

Maintenance of aging infrastructure is an important topic. Increasing demand for technology to supplement insufficient manpower and increase efficiency. Japanese infrastructure is aging. Japan's social infrastructure was largely built during the period of high growth in the 1950s and 70s, and is currently 50 years old after construction. Deteriorated infrastructure accounts for a significant proportion. The graph below shows the percentage of infrastructure such as road bridges, tunnels, and river management facilities that are more than 10 years old in 50-year increments, showing the overall deterioration of social infrastructure [...]

Philippines’ renewable energy revolution led by the National Renewable Energy Program (NREP)

2024-02-14T19:27:36+09:002024.02.13|Overseas Smart City News|

Pioneer of the Energy Transition: Philippines' Renewable Energy Development Strategy Policy Innovation and International Cooperation: Foundation for Sustainable Growth of the Philippines' Renewable Energy Sector Philippine Renewable Energy Trends The Philippines is rapidly emerging as a leader in the ASEAN region in the renewable energy sector. According to the latest data from Global Energy Monitor (GEM), the Philippines currently has an installed capacity of 1766 MW, ranking second in the ASEAN region after Vietnam in combined solar and wind power generation. In particular, the market size is expected to reach 2GW by 2024, and 9.8 MW by 2030 [...]

A preview of Spain’s MWC, the world’s largest mobile exhibition in 2024

2024-02-14T18:37:39+09:002024.02.05|Overseas Smart City News|

After COVID-19, the number of visitors and participating companies is increasing rapidly. Under the theme of ‘The Future Comes First,’ various latest mobile-related technologies can be seen. Overview of the 2024 Mobile World Congress (Mobile World Congress (MWC)) will be held in 2024. It will be held at the Barcelona International Exhibition Center (Fira Barcelona) in Spain from February 2th to 26th. This event, which started in 29, is considered one of the world's top three tech events along with CES in the United States and IFA Consumer Electronics Show in Germany, and has been held in Barcelona since 1987 [...]

Key smart home innovations showcased at CES 2024

2024-01-12T16:18:50+09:002024.01.11|Overseas Smart City News|

CES2024 Smart button, intelligent detection system, smart toilet... Showcasing the future of a colorful smart home Building an open ecosystem, AI, and net zero are expected to become trends The U.S. smart home market is growing rapidly The U.S. smart home market is It is growing rapidly. According to an analysis by market research firm Statista, the size of the U.S. smart home market is approximately $2023 billion in 346 and is expected to reach approximately $2028 billion in 550. In particular, the energy management field stands out [...]

EU Carbon Removal Certification System Introduction Trends and Prospects

2023-12-14T17:28:37+09:002023.12.08|Overseas Smart City News|

EU clearly distinguishes carbon reduction activities... Introduction of a carbon removal certification system Carbon removal, meaning an activity that captures carbon from the atmosphere and stores it semi-permanently outside the atmosphere Expects to expand compensation for climate change response efforts and promote private funding and investment in carbon reduction projects EU will reach climate neutrality goal by 2050 To this end, various policy bills, such as the European Green Deal, the European Climate Act, and Fit for 55, have been prepared and efforts have been made to reduce carbon emissions. However, as it is expected that it will be difficult to achieve climate goals by reducing carbon emissions alone, carbon capture and storage (CCS) and carbon removal (CDR; [...]

Hanoi City, first launch of $42 billion smart city… Completion planned for 2032

2023-11-14T15:42:24+09:002023.11.13|Overseas Smart City News|

- 270 million ㎡ area in Dongan County… BGR Group + Japan Sumitomo joint venture - Applying smart solutions to 6 sectors including energy, transportation, and education - Proceeding in 5 stages... Final 108-story financial center and complex shopping mall development [Inside Vina = Hanoi, Reporter Seungyoon Lee] The $42 billion Hanoi smart city development project jointly promoted by Japanese general trading company Sumitomo Corporation and Vietnam's BRG Group has finally been completed. The first shovel was dug. North Hanoi Smart City Development Investment (NHSC), a consortium of Sumitomo and BRG Group, held a groundbreaking ceremony for the smart city development project on the 11th [...]

Observation of the 2023 Korea-Latin America Innovation Forum (K-LAC Innovation Forum)

2023-11-14T15:30:21+09:002023.11.10|Overseas Smart City News|

An event to expand economic cooperation in the ICT field between Korea and Latin America. Active cooperation between resource-rich Latin America and Korea is expected. Event Overview At the 2023 Korea-Latin America Innovation Forum, public and private sector experts from Korea and Latin America gather to promote economic growth through innovation and trade. We supported effective and direct communication channels for promotion and strengthened partnerships, including introduction of Korean companies' technology and innovation fields. The 2023 Forum will discuss four major topics related to the 4th Industrial Revolution [...]

UAE counts down to host COP28

2023-11-15T14:11:21+09:002023.11.07|Overseas Smart City News|

The Conference of the Parties to the United Nations Framework Convention on Climate Change opens on November 30. Special efforts to preserve the Earth are expected to lead to various investments and projects. The 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) is imminent. The 28th Conference of the Parties to the United Nations Framework Convention on Climate Change to be held in the UAE. The countdown to the opening of the General Assembly (COP28) has begun in earnest on the 30th of this month. The UAE, which was selected as the host country at the end of 2021, appointed HE Sultan Ahmed Al Jaber, Minister of Industry and Technology and Chairman of Abu Dhabi's national oil company ADNOC, as UAE Chairman in January, and later HE Mariam Almheiri) [...]

Announcement of Brazil’s New Growth Acceleration Program (Novo PAC)

2023-10-12T16:55:53+09:002023.10.10|Overseas Smart City News|

The government plans to make large-scale investments in a total of 9 areas to promote economic growth and strengthen national competitiveness. It may provide opportunities for investment in infrastructure construction and equipment-related investments. History of the Brazilian Growth Acceleration Program (Programa de Aceleração do Crescimento, PAC) Brazil's federal government's growth acceleration program (Programa de Aceleração do Crescimento, PAC) is an economic policy and investment project to promote Brazil's economic growth and was launched in 1 during the first Lula government. The Growth Acceleration Program is a program that includes the federal government, major corporations, and [...]

Malaysia’s New Industrial Plan (NIMP 2030) and major industry responses

2023-10-13T11:15:50+09:002023.10.04|Overseas Smart City News|

Introduction of national and sector-level plans A reform to strengthen the foundation of Malaysia's investment ecosystem Background to the emergence of NIMP NIMP 2030 is a key component of the Madani Economy initiative, the core political philosophy of the current Anwar government, and is scheduled for 2030 years until 7. This is a white paper containing the development strategy of the manufacturing and related service industries. Since 1986, three Industrial Master Plans have been announced, and this strategy is the fourth announced. hyeon [...]

A movement to bridge regional gaps in the UK – ‘Leveling Up’

2023-10-06T18:05:26+09:002023.09.11|Overseas Smart City News|

The UK is actively pursuing policies to resolve regional gaps. There are various implications for Korea's regional balanced development project. The UK has recently been taking active steps to resolve the problem of uneven development between regions that has persisted for a long time. Through the 'Leveling Up' policy that has been implemented since 2020, mid-term goals have been established until 2030, and various tasks for regional standardization are being carried out. The problem of deep-rooted regional imbalances between regions in the UK [...]

Tanzania's infrastructure construction project shifts policy direction to public-private cooperation project

2023-10-10T09:57:49+09:002023.09.11|Overseas Smart City News|

Turning to expanding infrastructure investment and attracting public-private partnership (PPP), revising the PPP law to revitalize private sector investment. As poor social infrastructure acts as an obstacle to economic growth, the Tanzanian government established the Tanzania Development Vision 2025 and developed the Tanzania Development Vision 2025 by 1. The goal is to enter a middle-income country (per capita income of $3000) and achieve a semi-industrial status, but poor social infrastructure is acting as an obstacle to economic growth. Tanzania's 2019 global competitiveness ranking announced by the World Economic Forum (WEF) ranked 141th out of 117 countries. Among the evaluation areas, the infrastructure sector ranked only 121st, confirming that much improvement is needed. In terms of infrastructure, transportation infrastructure ranked 110th and electricity and water infrastructure ranked 122nd. The Tanzanian government is highly interested in infrastructure development through PPP projects. The need for infrastructure development is increasing not only to achieve economic growth goals, but also to meet the needs of Tanzania's rapid urbanization and rapid population growth. Accordingly, the Tanzanian government has set the construction of infrastructure such as transportation and energy as the government's top priority and has launched the Third Five Years Development Plan 3/, a development strategy to secure the competitiveness of the Tanzanian economy and improve the quality of life of the people. 5~2021/2022, FYDP III) has been established and is being implemented. The total funding required to implement FYDP III's development plan is estimated to amount to 2025 trillion Tanzanian shillings (about $2026 billion), with financing through the government's development budget expected to total 114 trillion Tanzanian shillings over the entire five-year period. (about $8000 billion), and total financing from the private sector was expected to be 469 trillion Tanzanian shillings (about $5 billion). Tanzania's government debt-to-GDP ratio (74%) is lower than the average of sub-Saharan African countries (2000%) (IMF, as of September 303), but the government budget is insufficient to finance infrastructure development projects that require large-scale investment. Doing it alone has its limitations. In particular, in a situation where external debt repayment pressure is increasing due to the recent strong dollar, building infrastructure through PPP projects not only allows the government to provide public services efficiently and effectively by utilizing the resources and expertise of the private sector, but also provides financial support to the public sector. The Tanzanian government is also very interested in attracting capital through PPP projects because it can lower the burden. According to FYDP III, 40% of the private sector financing, or 6000 trillion Tanzanian shillings (approximately $166 billion), is planned to be procured through public private partnership (PPP). Meanwhile, at the opening ceremony of the five-day strategic workshop in May this year, where heads of nine Tanzanian institutions* and global investment experts in the PPP field gathered together to exchange experiences in attracting capital investment, David Kafulila, Director of PPP at the Ministry of Finance of Tanzania, said that the Tanzanian government is planning to implement the plan by 40.13/55.52. It has been stated that it is still achievable to attract 23 trillion Tanzanian shillings (approximately $9 billion) of capital through PPP by fiscal year 51. As of May 21, there are 90 PPP projects identified, most of which are in the road construction, power generation, and transmission sectors, of which 5 projects are in the feasibility study stage. The four projects currently open to the market are △construction of a 9km highway between Kibaha-Chalinze-Morogoro △Kilimanjaro, Dodoma, and Singida regions. Construction of a Bus Rapid Transit (BRT) system [...]

French renewable energy policy and production trends

2023-09-22T11:00:33+09:002023.09.07|Overseas Smart City News|

Promotion law to accelerate new and renewable energy production goes into effect 'Ecological plan' with specific vision and roadmap to be announced French energy policy and goals Looking at the French government's energy policy, first of all, there is the Multi-Year Energy Planning Act (PPE). This is an energy policy established by the French government with a 2050-year implementation plan every 10 years, with the goal of achieving zero carbon emissions by 5. It was enacted by the 'Energy Transition Act for Green Growth' in 2015, and production targets for 2019 to 2028 have been set, with five-year targets from 2019-2023 and 2024-2028 included. The goal we aim to reach through the energy plan is to [...]

China’s hydrogen energy field is heating up

2023-09-22T10:32:01+09:002023.09.06|Overseas Smart City News|

China accelerates the growth of related companies through various hydrogen industry development policies. Looking for opportunities for Korean companies to enter the market as the Chinese hydrogen industry value chain is formed. Current status of hydrogen energy in China Hydrogen energy is one of the representative clean energies. The main by-product after power generation is water, and it is the most important among existing power generation methods. It is considered a non-polluting energy source. China is also intensively fostering the hydrogen energy industry, focusing on the central government's zero-carbon emissions policy. In particular, China will be the world's largest hydrogen [...]

America opens the era of clean hydrogen

2023-09-15T10:37:02+09:002023.09.01|Overseas Smart City News|

U.S. Department of Energy announces 'National Clean Hydrogen Strategy and Roadmap' for transition to hydrogen economy Focus on promoting hydrogen use in industries with high carbon emissions, reducing clean hydrogen costs, and establishing regional hydrogen supply chain The United States will focus on building a regional hydrogen supply chain after the inauguration of the Biden administration By achieving carbon pollution-free in the power sector, we have established a goal of ultimately reaching 'Net-Zero' by 2035 and are taking the lead in providing all-round support. In particular, paying attention to clean hydrogen with no carbon emissions, in June 2050, 'Hydrogen Energy [...]

[Oman] Oman Shell Reviewing Solar Project

2023-08-17T10:06:45+09:002023.08.08|Overseas Smart City News|

□ Oman Shell and Khazaen Economic City (KEC) are reviewing the establishment of a solar power generation project to supply renewable energy ㅇ In 2022, Oman Shell and KEC signed a Non-Disclosure Agreement (NDA) for the construction of a solar power plant ㅇ Oman Shell is strengthening its position in Oman’s renewable energy and green fuel sector, investing in green hydrogen, renewable synthetic LNG, green ammonia and zero-carbon fuel production […]

[Vietnam] By 2030, about USD 1,350 billion is needed for Vietnam’s energy infrastructure construction project

2023-08-10T16:41:44+09:002023.08.01|Overseas Smart City News|

□ About USD 2030 billion is required for Vietnam's energy infrastructure construction project by 1,350 ㅇ Vietnam requires annual average investment of KRW 2030 to 113 billion in power supply and grid (power grid) projects by 135 - Vietnam Ministry of Industry and Trade (MOIT) announced the 8th What was mentioned in the process of materializing the action plan related to the power development plan (PDP 8) - A total investment of 2030 to 1,130 billion won is required by 1,350, of which 88% will be used for power supply and the remaining 12% will be allocated to grid projects. Prospects - to be financed through public investment and other capital raising channels [...]

Indonesian smart city market needs to pay attention to public-private partnership (PPP) projects

2023-07-03T18:08:40+09:002023.06.14|Overseas Smart City News|

The goal of achieving $2045 trillion in GDP and the world's 7th largest economy by 5 by fostering the smart city market Indonesia prefers PPP projects that include private investment to solve the budget shortfall needed to build smart city infrastructure To solve the problem, the city is actively promoting the development of smart cities that incorporate new technologies such as ICT and big data. Following the government's active movement, the related market grew from $ 22 billion in '270, an annual average of 22.6%, and in '35 [...]

[Contribution] Serbian AI National Development Strategy and Korea-Serbia Joint Digital Government Cooperation Center Project

2023-07-04T09:22:41+09:002023.06.14|Overseas Smart City News|

Establishment of detailed action plans for public service development strategies through the introduction of AI Plans to reflect Serbian population reduction policies through big data-based population migration AI algorithm In December 2020, 'The Strategy for the Development of Artificial Intelligence in the Republic of Serbia for the period 2025-2021' was announced. This AI national development strategy aims to develop the economy, improve public services, advance science and technology, and improve future jobs through the introduction of AI [...]