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Jeju chosen as Korea’s first “Smart Grid” test bed
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승인 2009.09.21  12:59:02
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Plans for Korea’s first smart grid test bed were unveiled Aug. 31, on Jeju island, as part of the country’s continuing efforts to ‘go green’. Some 200 officials, including Knowledge Economy Minister Lee Youn-ho and Jeju Governor Kim Tae-hwan, participated in the ceremony to introduce the ground-breaking plans.

Smart grids refer to intelligent electric power systems that use information technology to maximize the efficiency of power distribution. The government-led project, to be completed in 2013, is in line with the Korean government’s policy to promote new growth engines, and encourage low-carbon and green growth. Once the grid is complete, as many as 6,000 households in Guja-eup, the northeastern region of Jeju Island will each have a smart gauge that will provide them with real-time information on the price of electricity, helping them use power more efficiently. The government will spend a total of 116 billion won ($92.9 million) on the project, with half of this budget to be covered by the private sector.
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