Lee Jae-myung "Experience in Attracting Foreign Investment... Revolutionary Change through 'Digital Transformation'"

Presentation at the 4th Industrial Revolution Global Policy Conference

Lee Kwang-jae, member of the Democratic Party of Korea (Chairman of the Future Economy Committee), is reading aloud the digital transformation policy announcement of Lee Jae-myung, the Democratic Party's presidential candidate, at the "2021 4th Industrial Revolution Global Policy Conference" on the 16th. Photo by Cha Min-young

[Asia Economy Reporter Cha Min-young] Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, emphasized on the 16th that "we will create a digital Korea where no one is left behind" in relation to the digital transformation, and stated, "We will build physical, institutional, and human infrastructure."

Candidate Lee made these remarks at the '2021 4th Industrial Revolution Global Policy Conference' held by the Presidential 4th Industrial Revolution Committee at the Four Seasons Hotel in Gwanghwamun, Seoul. The policy announcement was read aloud by Lee Kwang-jae, a member of the Democratic Party of Korea and Chair of the Future Economy Committee (photo).

Lee said, "To achieve digital transformation, we will reform regulations that have hindered innovation and clear the blocked paths," adding, "We will invest in technologies such as the Internet of Things (IoT), cloud computing, and 5G, and establish a talent infrastructure by nurturing one million digital talents through education system innovation."

He continued, "We will support digital transformation in traditional industries such as healthcare, education, agriculture, finance, distribution, and logistics, as well as innovative startup companies," and said, "To make Korea a country full of entrepreneurial spirit, we will also host a global startup competition."

He further stated, "We will transform the Korea Development Bank into a venture investment specialized bank like Singapore's Temasek and Silicon Valley Bank Group to carry out mergers and acquisitions (M&A) investments in key global companies," and added, "At the same time, we will guarantee digital freedom and equality rights so that even digitally marginalized groups can enjoy the fruits of growth."

Candidate Lee also said, "I served as the mayor of Seongnam City, Gyeonggi Province, where Pangyo Technovalley is located, and as the governor of Gyeonggi Province, home to Samsung Electronics and SK Hynix," and raised his voice, "Gyeonggi Province has numerous companies leading the great transformation and experience in attracting foreign investment. Beyond Seongnam City and Gyeonggi Province, I will achieve revolutionary change through digital transformation across Korea."

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