Korea's Digital New Deal aims to adopt 5G, AI in industries and digitalize systems
Updated: 2020-07-16 15:40:30 KST
To help the country's COVID-19-hit economy recover and ultimately transform into a world power that leads, not follows, President Moon Jae-in unveiled the government's grand initiative called the 'Korean New Deal' earlier this week.
It aims to create nearly two million jobs by the year 2025.
The two key pillars aregoing "digital" and "green" and today, we'll be focusing on the "digital" aspect of this initiative.
Seoul aims to adopt 5G and artificial intelligence in industry and public administration.
Expanding non-contact services and digitalizing systems for social overhead capital will be another goal.
To discuss all of this in depth, we have Professor SHIN Sang-hyup from Kyung Hee University joining us in the studio today.
Welcome to the program.
Some key words we're hearing about this Digital New Deal include "big data", "5G", and "artificial intelligence". What are the key elements of the Digital New Deal?
When President Moon unveiled this grand new initiative, there were two major Korean companies, Naver and Hyundai Motor, also sharing their plans. How do these companies come into play and what are their roles?
High-tech industries are experiencing a shortage of talent and so what is perhaps more important than creating temporary jobs, is nurturing new talent for the future. Are there any plans for the education ministry to be involved in enhancing the Digital New Deal?
Many analysts point out that the Korean New Deal is just another modification of initiatives that previous administrations have tried. What is your view? How does the latest government initiative stand out from the others?
The key to this Digital New Deal seems to be achieving a digital transformation in our daily lives. Now, as we all know, South Korea has world-class information and communication technology and is now making bold investments to transition towards a hydrogen-based economy. The government's goal is to become a country that leads. Where do you think Korea stands now in terms of digitalization?
Could you point out some of the key industries which need to be nurtured under the Digital New Deal? What are some key areas that South Korea has a comparative advantage on?
The recently-announced initiative aims to create 1.9 million jobs, 50-percent of which are expected to be created within the next 2-and-a-half years. That'd be right before the end of President Moon's term. How do you foresee this panning out compared to expectations?
What are some of the things that you think should accompany this government roadmap and what can we expect from Korea's Digital New Deal in the future?