After being sworn in on February 25, new South Korean president Park Geun-hye has had little time to toast her victory. North Korea, the country's obstreperous neighbour, continued to ratchet up military tension with the US as Energy Risk went to press, leaving various countries, including China and Russia, appealing for calm. Meanwhile, on the domestic front, a winter dominated by the threat of power cuts and a scandal affecting the country's nuclear industry have made the need to develop the