Anchor: All cars on Jeju Island may run on wind power in the year 2030. The island has signed a contract with LG Corp. to replace fossil fuels with electricity generated at wind power plants. 
Our Kim In-kyung has more on the ambitious "Global Eco-Platform Jeju" project aimed at making South Korea's southern resort island completely carbon-free.
 
Report: South Korea's southern resort island of Jeju is one step closer to its goal of becoming completely carbon free.
 
The provincial government of the nation's largest island signed a memorandum of understanding with LG Corp. on Tuesday as part of its policy drive to completely replace fossil fuels with renewable energy in the next 15 years.
 
One wind power turbine, as tall as a 30-story building, produces enough electricity to power one-thousand-500 households. But the problem was there's not enough wind on the island in the summer when electricity use increases.
 
To tackle the problem, they will establish a special purpose company with Korea Electric Power next year. The SPC will build a large energy storage system that can save wind energy and supply it year-round.
 
It will also introduce fuel cells based on liquefied natural gas to replace thermal power. Around six trillion won will be injected into the Global Eco-Platform project by 2030. 
 
Under the slogan, "Carbon Free Island Jeju," the one-thousand 850 square kilometer island, about one fifth the size of the island of Hawaii, also aims to expand power generation from its wind plants 15-fold from 156 megawatts to two-point-35 gigawatts. 
 
Jeju plans to use the wind power for electric cars as it aims to make all its vehicles electric by 2030 as well. There are currently around 850 electric vehicles on Jeju, but the local government hopes to increase the number to 377-thousand by continuing to provide car buyers with 22 million won in subsidies. 
 
While expecting the project to create 50-thousand new jobs on the island of around 600-thousand residents, Jeju also hopes to export the technology. 
 
President Moon Seung-il of the Korea Electrical Engineering and Science Research Institute said Jeju will set a milestone in the renewable energy field. 
Kim In-kyung, KBS World Radio News.