Government Explores Digital Economy Cooperation Measures in the Asia-Pacific Region

[Sejong=Asia Economy Reporter Kwon Haeyoung] The government is seeking ways to cooperate on the digital economy within the Asia-Pacific region.

On the 28th, the Ministry of Trade, Industry and Energy held an international workshop on "The Role of the Digital Economy in the Global Value Chain (GVC)" at the Lotte Hotel in Sogong-dong, Seoul, under the Asia-Pacific Economic Cooperation (APEC).

This workshop is part of a project proposed by our government to implement the "Internet and Digital Economy Roadmap" at the APEC level.

The workshop discussed ▲building resilient supply chains in the semiconductor industry and the response of digital companies under the COVID-19 situation ▲responses from the perspective of startups and multinational corporations ▲and responses from the policy perspective at the government levels of the United States, Taiwan, and Korea.

Lee Seungryeol, Director General for New Trade Policy at the Ministry of Trade, Industry and Energy, said in his opening remarks, "The digitalization of the global economy has accelerated due to COVID-19, and accordingly, the GVC is changing. It is important to review the responses of companies and governments and seek international cooperation measures. The government will also continue to contribute to strengthening policy cooperation related to the digital economy at the APEC level."

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