S. Korean government announces K-Digital strategies

기사입력 : 2022-09-29 09:40

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President Yoon Suk-yeol. Photo=NEWSIS
President Yoon Suk-yeol. Photo=NEWSIS
The Korean government announced the South Korea Digital Strategies, which encompasses the country’s digital policies. This is a follow-up measure of the “New York Initiative” announced by President Yoon Suk-yeol during his trip to North America. Compared to the digital new deal policy of the previous government, it is more focusing on private-led projects.

According to the Ministry of Science and ICT on the 28th, President Yoon announced the digital strategies at the 8th Emergency Meeting on People’s Livelihood Stabilization.

It is a policy roadmap to realize the New York Initiative and a pan-governmental strategy to lead the country’s digital policies. Previously, President Yoon attended the Digital Vision Forum held at New York University on the 21st and announced the New York Initiative to share Korea’s digital achievements with the world.

At the preliminary briefing held at the Seoul Government Complex on the 27th, 2nd Vice Minister of Science and ICT Park Yoon-kyu said, “If the digital new deal was crisis response, these strategies is more comprehensive and detailed digital strategy amid the recent recovery of the pandemic.”

Vice Minister Park explained, “There are various differences, including ways to allow more private companies to participate and lead the innovation culture.”

This policy roadmap has a vision of “Digital Korea that sets an example for the world with the people.” It consists of a total of 5 strategies and 19 tasks, including Yoon’s pledges and state affairs tasks.

First of all, the government will secure super-gap technology in the six major digital innovation technologies: Artificial Intelligence (AI), AI semiconductor, 5G and 6G communication, quantum, metaverse, and cyber security.

It is also pushing for the ‘K-Cloud Project’ to build a data center using domestic AI semiconductors. By reorganizing the software (SW) market around the SaaS (Software as a Service), the government plans to nurture more than 2,000 SaaS providers by 2027.

It is also focusing on new industries such as OTT service and metaverse. In order to support Korean OTT services’ entry into global markets, the government will expand ‘K-OTT content fund’ to 300 billion won by 2027. In 2023, it will also carry out a blockchain project to ensure the reliability of digital assets.

In order to secure network competitiveness, it plans to demonstrate ‘Pre-6G’ service for the first time in the world in 2026.

The government also plans to apply digital technologies to culture, bio, logistics, manufacturing, and agricultural and livestock industries. By using smart factories, smart farms, and AI-based warehouses, it aims to expand the digital economy.

In addition, the government will set a “Bill of Digital Rights”, which defines digital as a universal right for anyone from 2023. Vice Minister Park said, “There were discussions related to the digital rights, but I think it is the first time to announce as a government policy.”

It will also enact the Five Basic Acts and the Framework Act on the Digital Society.” It plans to prepare a bill comparable to the “Framework Act on INFORMATIONALIZATION Informationalization promotion.” The five basic acts include Basic Act on Artificial Intelligence, Special Act on Metaverse, Basic Act on Cyber Security, Act on Digital Inclusion, and Basic Act on Data.

In line with New York initiative that aims to establish the country as a leading digital country, the government will share its digital innovation achievements with the world. First of all, it will discuss cooperation ways at the UN ESCAP and OECD’s digital ministerial meetings and G20 Summit.

In addition, the strategies included the Yoon administration’s digital platform government policy and the plan to train more than 1 million digital talents announced last month.

Meanwhile, President Yoon, senior secretary for economic affairs, science and technology secretary, science and ICT minister and vice minister, SMEs vice minister, and chairman of digital platform government committee attended. Private companies and institutes such as SK Telecom, Naver, Kakao, Samsung Electronics, and LG AI Research also attended.


By Global Economic Reporter Yong-seok Jang ; Translate by Gounee Yang