"'Post-Corona' Corporate Competition, Digital Transformation Speed Determines Victory or Defeat"

Sangui Management Concert, Online Release of Lecture by Song Ki-hong, CEO of IBM Korea and Global IT Expert

[Asia Economy Reporter Ki-min Lee] In the post-COVID era, represented by Ontact (online face-to-face), the speed of digital transformation is expected to determine the outcome of corporate competition.

The Korea Chamber of Commerce and Industry announced that it will release an online lecture video on the 24th titled "Post-COVID New Normal, Becoming a Business Leader," featuring Song Ki-hong, CEO of IBM Korea. IBM Korea, the Korean branch of the global IT company IBM, has been providing business services and technology consulting based on advanced technologies such as cloud and artificial intelligence (AI) optimized for enterprises since its establishment in 1967.

CEO Song first diagnosed, "The economic crisis caused by the novel coronavirus infection (COVID-19) is close to an 'L-shaped' type, showing different patterns before and after." He identified four characteristics of COVID-19: ▲ prolonged global economic recession ▲ shocks across industries and regions ▲ major changes in consumer behavior, business models, and work methods ▲ possibility of a second wave resurgence.

He also mentioned, "When examining the impact of COVID-19 by industry, some sectors such as aviation, travel, and hotel industries are negatively affected, but industries like online distribution, healthcare, and high-tech have been positively impacted."

CEO Song presented seven success factors determining corporate competitiveness in the new normal era: ▲ maintaining remote work and productivity ▲ non-face-to-face customer management ▲ remote access management ▲ Agile strategy ▲ securing digital security ▲ maintaining supply chain flexibility ▲ strengthening corporate social responsibility (CSR) activities for medical staff and public services.

He emphasized, "The level that creates an insurmountable difference is called 'super-gap.' In a situation where the transition of traditional industries to the digital economy is accelerating, reading the flow of change ahead and preparing proactively is the core strategy to create a super-gap."

A representative from the Korea Chamber of Commerce and Industry stated, "In the digital new normal era, it is important to lead actual changes with speed," adding, "Legal and institutional improvements should support the creation of new business opportunities in line with the changing industrial structure and new era trends."

CEO Song’s lecture can be viewed on YouTube and on the Korea Chamber of Commerce and Industry’s website under ‘Online Seminar.’

Meanwhile, the ‘KCCI Management Concert’ is a seminar that has been held since 2014 to address social issues affecting management activities and provide strategic insights for corporate management. Due to the impact of COVID-19, it has been conducted monthly in the form of web seminars since April this year.

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