UI Energy Corporation is a Korean company founded in 1987 (formerly known as Gong Young Multi System). Its areas of interest include the development of resources and minerals, power plants and the supply of medical equipments. It is quoted on the KOSDAQ

KOSDAQ

KOSDAQ is a trading board of Korea Exchange in South Korea established in 1996. Initially set up by Korea Financial Investment Association as an independent stock market from the Korean Stock Exchange, it was benchmarked from the American counterpart, NASDAQ.KOSDAQ is an electronic stock market,...

 (Korea Securities Dealers Automated Quotations).

Its Executive Vice-Chairman is Choi Kyu-sun.

It is part of international consortium for development of prospects in Iraqi Kurdistan

Iraqi Kurdistan

Iraqi Kurdistan or Kurdistan Region is an autonomous region of Iraq. It borders Iran to the east, Turkey to the north, Syria to the west and the rest of Iraq to the south. The regional capital is Arbil, known in Kurdish as Hewlêr...

. It claims that its network of advisors gives it a strong competitive edge over other companies. Paid advisers include:

• Congressman Stephen J. Solarz
  Stephen J. Solarz
  Stephen Joshua Solarz was a United States Congressional Representative from New York. Solarz was both an outspoken critic of President Ronald Reagan's deployment of Marines to Lebanon in 1982 and a cosponsor of the 1991 Gulf War Authorization Act during the Presidency of George H. W...
  
  
• former Secretary of Defense USA Mr. Frank Carlucci
  Frank Carlucci
  Frank Charles Carlucci III is a former official in the United States Government, associated with the Republican Party. The most prominent office held by Carlucci was as Secretary of Defense from 1987 until 1989 in the Reagan Administration.-Early life and career:Carlucci was born in Scranton,...
  
  
• the former ambassador to Egypt Mr. Nicholas A. Veliotes
  Nicholas A. Veliotes
  Nicholas Alexander Veliotes is a former United States Foreign Service Officer and diplomat. He served as United States Ambassador to Jordan and Egypt...
  
  
• US commander for the Middle East General John Abizaid
  John Abizaid
  John Philip Abizaid, AO is a retired General in the United States Army and former Commander of the United States Central Command , overseeing American military operations in a 27-country region, from the Horn of Africa, the Arabian Peninsula, to South and Central Asia, covering much of the Middle...
  
  

These are claimed on the company's website to exercise "their network and political influence to promote UI energy on the development of oil fields in Iraq where United States of America governs".
It also notes that attorney Jeffrey D. Jones, the former President of the American Chamber of Commerce in Korea, and Dr. Robert A. Scalapino, who served as the Dean of University of California, Berkeley, are on their company board of advisors.

Its payment of an undisclosed sum to former United Kingdom

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 Prime Minister

Prime Minister of the United Kingdom

The Prime Minister of the United Kingdom of Great Britain and Northern Ireland is the Head of Her Majesty's Government in the United Kingdom. The Prime Minister and Cabinet are collectively accountable for their policies and actions to the Sovereign, to Parliament, to their political party and...

 Tony Blair

Tony Blair

Anthony Charles Lynton Blair is a former British Labour Party politician who served as the Prime Minister of the United Kingdom from 2 May 1997 to 27 June 2007. He was the Member of Parliament for Sedgefield from 1983 to 2007 and Leader of the Labour Party from 1994 to 2007...

has been subject to media comment in the UK.

Kurdistan Contract

UI Energy Corporation was part of a consortium (KNOC Bazian Limited) that was awarded the Bazian Block (473 square kilometres) in Sulaimani Governorate. The consurmtium also includes the Korea National Oil Corporation, and Korean private sector oil exploration and development companies SK Energy Co Ltd, Daesung Industrial Co, Ltd, Samchully Co Ltd, Bum-Ah Resource Development Corp, , GS Holdings Corp, and Majuko Corporation. The Bazian Block has been described as a relatively low exploration risk area.