Written by 11:27 AM Economics

“AI, the new ‘rice of industry’…national focus on capacity-building”

Minister of Industry Holds Second AI Industry Policy Committee Meeting,


Minister of Industry, Trade, and Resources, Ahn Deok-geun,
, ‘Comprehensive support for businesses utilizing AI, covering investment, location, and personnel, is being promoted.’,
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, “The Ministry of Industry, Trade, and Resources announced on the 28th that it held the ‘Second AI Industry Policy Committee’ at the Korean Chamber of Commerce in Jung-gu, Seoul.”,
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, ‘The committee, chaired by the Minister of Industry and the President of the Korean Academy of Engineering, was launched in May with the participation of around 200 private sector experts.’,
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, ‘At the meeting, the discussion results from the 4 subcommittees, including technology outlook and future industry outlook, standards, and policy suggestions, were shared.’,
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, ‘Key tasks for AI application were identified in 12 areas such as market prediction, research and development, design, autonomous manufacturing, logistics and distribution, and security.’,
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, ‘There was a call for promoting the utilization of industrial data and the need for initial private investment support, emphasizing the importance of expediting the establishment of regulations as the speed of innovation utilizing AI is crucial.’,
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, ‘Minister Ahn Deok-geun stated, “Artificial intelligence (AI) will be like the ‘rice of the industry’ in the software aspect, similar to semiconductors,” and stressed, “We will concentrate the nation’s capabilities on the industrial utilization of AI through the committee.”‘,
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, ‘Kim Ki-nam, President of the Korean Academy of Engineering, said, “AI is not just a simple technological innovation but the core of economic security,” and added, “The swift utilization and transformation of new technologies are our strengths, so we can lead the AI era and set new standards for the world.”‘,
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