President Lee stresses bold AI investments and export diversification
Quick Look
South Korean President Lee Jae Myung urged bold AI investments, export diversification, and energy security during government policy briefings to navigate global industrial restructuring.
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Why It Matters
President Lee Jae Myung spoke at policy briefings involving the Ministry of Trade, Industry and Resource and the environment ministry.
SEOUL, Aug. 4 (Yonhap) -- President Lee Jae Myung said Tuesday that an upheaval driven by artificial intelligence (AI) is reshaping the global industrial landscape, stressing the need for "bold" and "speedy" investments to respond to such changes.
The president made the remarks at the opening of policy briefings by the Ministry of Trade, Industry and Resource, the environment ministry and other government agencies.
"The world is now undergoing a major upheaval as the industrial structure is being reshaped around AI," Lee said. "At times like this, what we need are bold decisions and investments, as well as speedy decisions."
Lee stressed the importance of building South Korea's own competitive edge, saying it is the government's role to identify trends, design for the future and lay the foundation for innovation.
He said securing a firm industrial growth potential and a strong energy security system is key to building a country that can withstand changes in the external environment.
The president, in particular, underscored the need to avoid relying on certain countries or markets, saying that the government should work tirelessly to diversify export markets and supply chains.
Open Questions
- What specific funding amounts will be allocated for AI investments?
- Which export markets are targeted for diversification?
