Experts gather to forecast future of S. Korea on Thursday

2020-05-28 36

경제•인문 국책연구기관 28일 한데 모여 국가미래 전망

Ways for South Korea to continue prosperity amid the uncertainty led by COVID-19.
It was the topic of the 2020 South Korea Future Forecast Symposium.
Our Kim Jae-hee has the highlights.
South Korea's Prime Minister Chung Sye-kyun stressed the importance of using Big Data to plan for the future.
"We are living in the age of uncertainty. Uncertainty caused by the COVID-19 outbreak is one of the main examples. Big Data is our weapon in preparing for an uncertain future."
Speaking at the '2020 South Korea Future Forecast Symposium', the Prime Minister vowed that the government will implement a Korean version of the 'Digital New Deal',... and strive to nurture new technologies like Big Data, Artificial Intelligence, blockchains and bio-medicine.
Also at the symposium, one economic expert forecasts that globalization is regressing due to the COVID-19 pandemic,... and said this will lead to the end of the dominance of the U.S.
"The main change in the post-COVID-19 era will be "de-globalization". There will be changes in the global value chain. Digitalization and non-contact life will expand,... and the weakened dominance of the U.S. will open up the G0 era."
There was also a special session focused on the pandemic.
One expert from the International Vaccine Institute stressed the need to use data to pull forward the lagging COVID-19 vaccine development in South Korea.
"Unlike diagnosis and quarantine, South Korea is far behind in vaccine development. But I believe there are still plenty of opportunities. We can use data that's already out to come up with a better strategy."
He added that at least 10 institutions and companies in South Korea are working on developing a vaccine,... and he believes around two of them will start clinical trials in June.
He said he predicts vaccines to be available by early next year.
"Thursday's event was also broadcast live online,… as part of social distancing efforts amid the COVID-19 outbreak.
Kim Jae-hee, Arirang News."

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