LEE DING MING: AI NEEDS TO INVEST BOLDLY IN REMODELING THE GLOBAL INDUSTRY

ON AUGUST 4, SOUTH KOREA'S PRESIDENT LEE STATED ON WEDNESDAY, THAT INDUSTRIAL CHANGE DRIVEN BY AI IS RESHAPING THE GLOBAL INDUSTRY LANDSCAPE AND EMPHASIZING THE NEED FOR “BOLD” AND “QUICK” INVESTMENT ACTIONS TO ADDRESS THIS CHANGE. LEE MADE THIS STATEMENT AT THE OPENING OF THE GOVERNMENT DEPARTMENT POLICY REPORTING MEETING SUCH AS THE MINISTRY OF INDUSTRY, TRADE AND RESOURCES OF KOREA. “THE WORLD IS UNDERGOING A MAJOR TRANSFORMATION AND INDUSTRIAL STRUCTURES ARE BEING RESHAPED WITH THE EMERGENCE OF ARTIFICIAL INTELLIGENCE. WHAT WE NEED AT A TIME LIKE THIS IS BOLD DECISION-MAKING, INVESTMENT AND QUICK ACTION.” HE STRESSED THE IMPORTANCE OF ENHANCING SOUTH KOREA ' S COMPETITIVENESS AND NOTED THAT IT WAS THE RESPONSIBILITY OF THE GOVERNMENT TO IDENTIFY TRENDS, PLAN FOR THE FUTURE AND LAY THE FOUNDATION FOR INNOVATION. HE ADDED THAT ENSURING A SOLID INDUSTRIAL GROWTH POTENTIAL AND A STRONG ENERGY SECURITY SYSTEM WERE KEY TO BUILDING A COUNTRY RESILIENT TO CHANGES IN THE EXTERNAL ENVIRONMENT. LI ALSO STATED THAT THE GOVERNMENT SHOULD WORK TIRELESSLY TO DIVERSIFY EXPORT MARKETS AND SUPPLY CHAINS. KIM XIAN