Gyeonggi-do Holds First Policy Consultation with Bank of Korea Gyeonggi Headquarters: "Urgent Support Needed for Corporate Digital Transformation"

Gyeonggi Province and the Bank of Korea Gyeonggi Headquarters held a policy consultation meeting at the Gyeonggi Provincial Government Office on the 6th. Yeom Tae-young, Deputy Governor of the Province for Economic Affairs (7th from the left), and Gong Cheol, Head of the Bank of Korea Gyeonggi Headquarters (6th from the left), are taking a commemorative photo after the policy consultation meeting.

Gyeonggi Province held its first policy consultation with the Bank of Korea Gyeonggi Headquarters to discuss major issues within the province.

On the 6th, the province announced that Yeom Tae-young, Deputy Governor for Economic Affairs of Gyeonggi Province, and Gong Cheol, Head of the Bank of Korea Gyeonggi Headquarters, held the first policy consultation meeting at the Gyeonggi Provincial Government office.

This policy consultation was the first meeting arranged to discuss key economic issues in the Gyeonggi region after the two institutions signed a memorandum of understanding on December 27 last year for regional economic development and exchange cooperation.

At the meeting, the two institutions engaged in in-depth discussions on the theme of "Measures to Enhance Competitiveness through Digital Transformation of Small and Medium Manufacturing Enterprises in the Gyeonggi Region," covering ▲ the current status of domestic and international digital transformation policies ▲ the actual conditions of digital transformation in small and medium manufacturing enterprises in the Gyeonggi region ▲ and the development direction of digital transformation in Gyeonggi Province.

Yoon Hwan-hee, Head of the Economic Research Team at the Bank of Korea Gyeonggi Headquarters, introduced the digital transformation policy status of major advanced countries such as Germany and the United States in a keynote presentation, emphasizing that "Gyeonggi Province is the region with the highest concentration of small and medium manufacturing enterprises nationwide, making discussions on digital transformation crucial for improving corporate productivity."

Regarding the survey results on the digital transformation status of small and medium manufacturing enterprises in the Gyeonggi region, Yoon added, "While companies have a high awareness of the necessity for digital transformation, they face limitations such as lack of information and specialized personnel," and stressed that "policy support is needed to establish a private-led ecosystem so that companies can become the actual agents of innovation."

Yeom Tae-young, Deputy Governor for Economic Affairs of Gyeonggi Province, stated, "Digital technology is not only a future growth engine but also essential for strengthening the dynamism of the industrial ecosystem," promising, "We will do our best to enhance the competitiveness of small and medium manufacturing enterprises and ensure sustainable development."

Gong Cheol, Head of the Bank of Korea Gyeonggi Headquarters, suggested, "It is most important to discover companies with high growth potential and accumulate successful cases of digital transformation," adding, "Through this, a virtuous cycle structure can be established where many companies lead change and innovation."

The two institutions plan to continue discussions on current issues through organic cooperation going forward.

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