South Korean officials: Artificial intelligence, regional development, and the industrial ecosystem are the three major battlegrounds of the South Korean economy

Golden Ten Data reported on July 16 that South Korea’s Minister of Trade, Industry and Energy, Ahn Duk-geun, pointed out that artificial intelligence (AI), regional development, and the industrial ecosystem are the key battlegrounds for South Korea’s economy to escape the brink of a “zero growth” crisis. He emphasized that business leaders must join forces to address these challenges while expanding into global markets. He stated: “The era of surviving on free trade and exports is fading, and ‘every man for himself’ and ‘survival of the fittest’ have become the norm.” He added: “In such turbulent times, if we cannot remain highly vigilant, the ranking of companies, industries, and even the nation itself may change.” Regarding artificial intelligence, which is identified as a primary battleground, Ahn Duk-geun expressed caution towards the current semiconductor boom, and stressed the importance of being prepared for potential challenges. He noted: “Most companies outside the semiconductor market are struggling, but thanks to the chip industry, society as a whole is under the illusion of prosperity.”