"KT Economic Management Research Institute Publishes 'Corona Economics' with Korean New Deal Solutions"

[Asia Economy Reporter Koo Chae-eun] KT announced on the 30th that it has published a new book titled Corona Economics in preparation for the post-COVID-19 era.

Published by the KT Economic Management Research Institute, Corona Economics introduces the future vision of the "Digital New Normal" and six new business trends emerging due to COVID-19. It also proposes essential preparations necessary for the success of the government’s "Korean New Deal." The KT Economic Management Research Institute identified ICT as the core competency required in the post-COVID-19 era. In particular, it mentioned that 5G, cloud, and AI are essential technologies that will lead "contactless" and "ontact" businesses to success, and it introduces future growth opportunities discovered through various future analysis methodologies, expert opinions, and domestic and international case studies.

Corona Economics forecasts that new business opportunities will arise in six areas closely related to our lives. Specifically, it covers trends such as ▲redefining home ▲accelerating the adoption of DX by companies ▲AI customized education and online lifelong learning ▲activation of digital healthcare ▲media enjoyed online and in virtual spaces ▲robots replacing humans. Looking at the healthcare sector, Teladoc, the No. 1 player in the U.S. telemedicine market, saw explosive demand growth after the COVID-19 outbreak, with subscribers increasing from 1.06 million last year to 2.04 million in the first quarter of this year alone. The domestic market is also emerging as a new opportunity with the government’s temporary allowance of telemedicine. In June, KT and Samsung Seoul Hospital collaborated to develop dementia prevention content based on the motion recognition mixed reality (MR) solution "KT Real Cube," reflecting active movements by businesses.

The final part of the book proposes measures for the success of the Korean New Deal. When a technological revolution occurs, the gap between technology and education causes education levels to lag behind technology, leading to unemployment and social conflicts. However, if this gap can be reduced through educational innovation, jobs and income can increase, resulting in economic growth. At this time, AI-based personalized education is necessary. Kim Hee-soo, Director (Executive Vice President) of the KT Economic Management Research Institute, said, "Corona Economics is the result of thoroughly analyzing the ripple effects of the post-COVID-19 era and industry-specific response cases that the KT Economic Management Research Institute has forecast since the early spread of COVID-19, combined with insights from expert researchers," adding, "We hope it will serve as a guide for governments and companies aiming to overcome the crisis through ICT in step with the digital new normal era."

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