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GS Caltex boss calls on South Korea to better manage demand

The head of one of South Korea's main energy companies told WEC 2013 his country needs to shift energy policy from a supply focus to managing energy demand

GS Caltex chairman Hur Dong-Soo told delegates that supply-based policies alone are not sufficient to curb greenhouse gas emissions and rein in energy costs. "We must manage energy demand," Hur said, adding that demand-oriented policies are “key to what may appear to be contradictory goals - establishing a stable energy network and managing climate change". South Korean energy use has surged in parallel with the transformation of the country from a mostly agrarian nation 50 years ago to the world's 12th largest  economy. Hur pointed out that South Korea traded just $7 billion worth of energy 40 years ago, compared with more than $1 trillion last year. Hur estimates South Korea's energy d

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