ADB Annual Meeting... Hong Nam-ki: "Turning Crisis into Opportunity, Importance of Contactless and Digital Innovation"

ADB Annual Meeting to be Held in Incheon Songdo This September

[Asia Economy Reporter Jang Sehee] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, stated on the 22nd that "Efforts for innovation based on non-face-to-face and digital transformation in response to changes in lifestyle after the COVID-19 pandemic are important."

On the same day, Deputy Prime Minister Hong held the first part of the Asian Development Bank (ADB) annual meeting via video conference and said, "We will use the crisis as an opportunity for innovation."

Deputy Prime Minister Hong identified three key tasks for ADB to focus on for normalization after the COVID-19 crisis: expanding knowledge sharing, increasing support for low-income countries and vulnerable groups, and innovation based on non-face-to-face and digital transformation.

ADB President Masatsugu Asakawa also introduced ADB's efforts so far, including preparing a $20 billion COVID-19 response package. They stated, "We will steadily implement ADB’s Strategy 2030 to overcome COVID-19 and promote prosperity in the Asia-Pacific region."

Meanwhile, the second part of this year's main meeting will be held in September in Songdo, Incheon. The Ministry of Economy and Finance said, "The September ADB annual meeting in Incheon is expected to be a forum to discuss COVID-19 response and recovery measures within the Asian region."

This content was produced with the assistance of AI translation services.