Leading Discussions on Establishing New Cooperation Models with Northern Countries in the Era of Martial Arts and Pandenomics

[Asia Economy Reporter Hwang Yoon-joo] The Korea International Trade Association (Chairman Kim Young-joo) led discussions on future new industry cooperation between Korea and Northern countries, as well as the creation of a joint ecosystem and activation of exchanges in the digital New Deal era during the business session of the '2020 Northern Forum' held on the 30th at the Grand Intercontinental Hotel.

According to the Trade Association, the business session held under the theme "Post-COVID-19 Era, New Trade Order and Eurasian Cooperation" featured presentations and discussions on changes in the bio and digital industry landscape after the novel coronavirus infection (COVID-19) and cooperation measures between countries.

The first presentation and panel discussion, under the theme "Pandemics, Building a New Cooperation Model for the New Northern Region," reviewed health and medical cooperation cases demonstrated by Korea and the New Northern countries during the global health crisis era. In particular, there was a heated discussion on Korea's epidemic response methods applied internationally amid the COVID-19 crisis, their potential, and future international cooperation plans.

Seong Nak-moon, Executive Director of Seegene Medical Foundation, emphasized, "We now live in the 'Co-Infection era,' coexisting with diseases such as COVID-19 and influenza," adding, "We must establish a system to respond to diseases based on shared technology and joint technological capabilities between countries."

Assem Nussupova, Vice Minister of Health of Kazakhstan, also agreed on the necessity of international cooperation, stating, "Korea's leading systems and digital transformation experience in the health and medical fields are great assets for Northern countries," and added, "In particular, based on the 'Fresh Wind' policy discussions conducted by the Korean-Kazakh governments to expand economic, trade, and investment cooperation, we hope to achieve tangible results such as opening local hospitals."

The second presentation and panel discussion were held under the theme "The Era of the Digital Economy, New Momentum for New Northern Economic Cooperation." At this session, the future of new industry cooperation beyond traditional manufacturing cooperation was discussed, and a vision for creating a joint ecosystem and activating exchanges in line with the digital New Deal era was shared.

Cho Sung-hwan, Vice President of Hyundai Mobis, who spoke as a presenter, said, "We aim to create a new cooperation model in the automotive industry, moving away from traditional cooperation such as localizing production bases and joint resource development with Northern countries," and presented a vision of "seeking not only entry into emerging domestic markets but also joint entry into the global market through joint technology research and development (R&D) and discovering and establishing cooperative business models with Northern companies."

Maxim Romanov, Vice Chairman of the Skolkovo Foundation, stated, "Before the establishment of Skolkovo, the outflow of outstanding talent in Russia's science and technology sector was a serious problem, but through government-led bold incentives, it has grown to be called Russia's Silicon Valley in its 10th year, attracting not only domestic talent but also top talent worldwide," emphasizing, "Northern region countries, which have relatively poor infrastructure, should also aim for industrial development that prepares for the digital era by building an ecosystem favorable for corporate investment."

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