Minister Lee Young of the Ministry of SMEs and Startups: "We Must Open an Era of 'Wise Technology' Beyond Smart Technology"

Press Conference on Business Trip to New York, USA
"We Must Open the Era of 'Wisdom Technology'"
"We Will Prepare for the Future and Strive for Globalization"

Lee Young, Minister of SMEs and Startups (second from the right), is holding a meeting with reporters in New York, USA, on the 20th (local time).

[Asia Economy Reporter Kim Bo-kyung] "What is better than being smart is being wise. We must open an era of 'Wisdom Technology' that solves the polarization caused by the Industrial Revolution."

On the 20th (local time), Lee Young, Minister of SMEs and Startups, said this during a meeting with reporters in New York, USA. He is visiting the United States to support domestic startups and SMEs in entering overseas markets, including the 'Korea-US Startup Summit.'

Minister Lee opened by saying, "Technology accompanies polarization between countries, continents, and classes," and "Every time an industrial revolution occurs, it creates new wealthy elites, worsening polarization."

He continued, "The 4th Industrial Revolution accelerates machine civilization, deepening the gap between the northern and southern hemispheres, and making cultural harmony between the East and West difficult," adding, "We must open an era that unites the East, West, South, and North as one."

The answer Minister Lee proposed is Wisdom Technology. In other words, technology imbued with wisdom, prudence, and virtue to solve the global polarization problem.

"Beyond being 'smart,' intelligence accompanied by virtue is necessary. When the new world created by artificial intelligence (AI) is combined with virtue, the era of Wisdom Technology will arrive."

He also said, "Since our country possesses 5G and semiconductor technology, we can play a pivotal role in achieving global integration through technology," and "We plan to adopt this as an agenda for the Ministry of SMEs and Startups going forward."

He further predicted, "The realistic first tactic for wealth recreation containing coexistence in the new economic system is the delivery price linkage system. Next, we will ensure fair payment for software. Content and consulting will also receive fair payment. Then, we can enter the knowledge economy world."

Additionally, Minister Lee expressed his intention to continue policies to attract global investment despite the unstable economic situation. He said, "Because there are people struggling due to poor domestic and international economies, we must overcome the crisis well, but we cannot deny that a tremendous opportunity for change is right at hand."

He added, "The Ministry of SMEs and Startups has the mission to lead investment while preparing for the future," emphasizing, "In these difficult times, globalization is the only answer."

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