Incheon City Prepares Five Major Strategies to Foster Future Industries in Response to the 'Post-Corona' Era

Building an AI Innovation Ecosystem, Establishing a Global Bio Hub
Advancing High-Tech Industry Growth, Creating a Business-Friendly Environment

[Asia Economy Reporter Park Hyesook] Incheon City has established five major strategies to foster future industries in response to the post-COVID-19 era.

The city announced on the 6th that it will accelerate the Fourth Industrial Revolution technologies integrated with artificial intelligence in response to the new era changes triggered by the novel coronavirus infection (COVID-19) and will actively promote the digital economy transition project to prepare for a contactless society.

To this end, five major strategies have been prepared and implemented: building an artificial intelligence (AI) innovation ecosystem, creating a global bio hub, advancing the growth of high-tech industries, solving social problems using innovative technologies, and establishing a business-friendly environment.

Additionally, to promote these strategies, 15 tasks have been prepared, including launching a public contest project to build an AI innovation ecosystem, designating an advanced medical complex, establishing a robot industry innovation cluster, constructing an SOS Lab and developing software services, and creating the Incheon Growth Fund.

Among these tasks, four projects?SOS Lab construction and software service development, support for the AI Convergence Research Center, support for creating a drone utilization service market, and support for big data analysis and utilization for small and medium enterprises?were selected in the government public contest in the first half of this year, securing 12.8 billion KRW in national funds and 5.7 billion KRW in private contributions.

Through these projects, the city plans to address child safety and protection issues using software and AI solutions, foster AI convergence talents for industrial innovation and create an environment for AI technology dissemination, provide smart inspection and management services for coastal facilities using drones, and offer data analysis and consulting services to small and medium enterprises.

Incheon Mayor Park Namchun stated, "We will do our best to continuously discover and establish new projects for the digital economy base transformation desired by the future by integrating government policies and Incheon City's specialized support projects such as artificial intelligence, bio, and robotics."

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