[2021 Financial IT Forum] An Jong-bae: "AI-Based with Enhanced Humanism... Must Achieve Financial Innovation"

"Strategies Needed for Change, Challenges, and Opportunities in the Post-Corona Era"

An Jong-bae, Chairman of the International Future Studies Association, is delivering the keynote speech on the theme "Artificial Intelligence, Metaverse, and the Future World" at the 12th Asia Economic Finance IT Forum held on the 24th at Lotte Hotel in Jung-gu, Seoul. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Jin-ho Kim] An Jong-bae, Chairman of the International Future Studies Association and Co-Chairman of the Korea Artificial Intelligence Forum, stated that "In the post-COVID-19 era, financial companies must turn crises into opportunities through ‘Change, Challenge, and Chance.’"

At the 12th Asia Economy Financial IT Forum held on the 24th at Lotte Hotel Seoul, hosted by Asia Economy and the Financial Security Forum, Chairman An emphasized the importance of this ‘Cha-Cha-Cha (Change, Challenge, Chance)’ strategy.

Chairman An said, "In the era of Artificial Intelligence (AI), it is necessary to predict future changes and make concrete plans to take on challenges," adding, "Based on such plans and strategies, it is essential to transform future changes and crises into opportunities." He explained that by cultivating and preparing the future capabilities required in the Fourth Industrial Revolution era, the current crisis can be turned into an opportunity.

Chairman An also stressed that innovation in financial business is essential. He categorized five areas for innovation: ▲financial products ▲financial targets ▲financial systems ▲financial talent capabilities ▲financial services.

Regarding not only financial companies but businesses overall, he mentioned the need to strengthen ‘humanism’ in the post-COVID-19 era. Chairman An said, "The public no longer desires companies that pursue only profit," and added, "The recently highlighted ESG management supports this."

Furthermore, he predicted that innovations in the Fourth Industrial Revolution based on AI and the metaverse will not be limited to industrial sectors but will influence the future direction of society as a whole. Chairman An said, "A ‘New Renaissance’ era centered on the Fourth Industrial Revolution will open after COVID-19," and explained, "Based on the advancement of AI technology, the digital world and the physical world are merging, unfolding a new transcendental world called the ‘Metaverse.’"

Chairman An introduced ‘Roji,’ a virtual character featured in a recent advertisement by Shinhan Life, as a representative example of metaverse world implementation. Roji is a famous influencer with over 70,000 followers and is a virtual character created by artificial intelligence. Chairman An explained, "Roji demonstrates the indistinguishable fusion of the physical and digital worlds."

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