"From Catch-up Economy to Leading Economy" 1st Meeting of the Digital New Deal Team Held

[Asia Economy Reporter Seulgina Jo] The Ministry of Science and ICT announced that it formed the Digital New Deal Task Force, consisting of related ministry officials and heads of affiliated organizations executing key New Deal projects, and held the first meeting on the 11th via video conference.

The Digital New Deal Task Force was established with 14 ministries and 14 affiliated organizations to systematically implement the "Korean New Deal Comprehensive Plan" announced on July 14. Meetings will be held biweekly in principle, discussing ▲ the progress and future plans of each ministry's projects, ▲ difficulties in project implementation, ▲ measures to activate private investment, ▲ discovery of legislative and regulatory improvement tasks, and ▲ collaboration needs among ministries.

At the meeting, the future operation plan of the Digital New Deal Task Force was shared, followed by a review of the progress and challenges of the third supplementary budget projects by each ministry. Additionally, memorandums of understanding (MOUs) were signed with affiliated organizations such as the National Information Society Agency and the Korea Information and Communication Industry Promotion Agency to ensure smooth implementation and information sharing of Digital New Deal projects.

Minister Choi Ki-young of the Ministry of Science and ICT stated, “The Digital New Deal is a national development strategy to actively pioneer and lead the future beyond passive responses to the inevitable trends of the 4th Industrial Revolution and digital transformation,” adding, “Please ensure thorough project management so that we can leverage our world-class ICT infrastructure, manufacturing technology, and various service strengths to transform from a follower economy to a leading economy.”

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