Gyeonggi Province and Bank of Korea Hold Regional Economy Seminar on Service Industry Growth in the Digital Era

On November 25, Gyeonggi Province, in collaboration with the Bank of Korea, held a seminar under the theme "Growth Strategies for the Service Industry in the Digital Transformation Era."

The seminar was organized to proactively promote digital transformation and innovation in the service industry, which are key areas of the national agenda "Enhancing Service Industry Competitiveness to Boost Domestic Demand and Exports." It also aimed to discuss the role and development strategies of Gyeonggi Province as a hub for implementing government policies.

The seminar began with a keynote presentation by Kim Minjeong, Head of the Economic Research Team at the Bank of Korea, on "The Impact of Expanding Online Consumption on the Gyeonggi Region." This was followed by expert discussions on each topic, moderated by Oh Wangun, Professor at Hankuk University of Foreign Studies.

Kim Hyunhak, Professor at Kookmin University, gave a presentation on "Digital Transformation of the Service Industry in Gyeonggi Province," emphasizing the need for a comprehensive support system for digital transformation. He proposed the establishment of specialized support programs for the service industry and the creation of a Gyeonggi-style "digital skills" workforce training system.

Participants attending the "Regional Economy Seminar" hosted by Gyeonggi Province and the Bank of Korea Gyeonggi Regional Headquarters on the 25th are taking a commemorative photo. Provided by Gyeonggi Province

Kim Minyoung, Director of the Regional Development Research Center at the Korea Research Institute for Local Administration, stated in her presentation on "Development Strategies for Key Service Industries in Gyeonggi Province" that "the third Basic Plan for Fostering the Service Industry in Gyeonggi Province contains research results on digital innovation in the province's service industry." She added, "Since key service industries such as digital content align with the national agenda and policy direction, it is necessary to promote them in connection with these initiatives."

Participants, including Kim Seungyong, Professor at Dongguk University; Park Hyerim, Professor at Gachon University; Kwon Jinwoo, Director of the Urban Housing Research Division at the Gyeonggi Research Institute; Chae Hyogeun, Vice President of the Korea IT Service Industry Association; and Heo Yeji, Manager at the Gyeonggi Content Agency, all agreed that "the digital transformation of the service industry in Gyeonggi Province is key to strengthening the competitiveness of South Korea's service sector."

Gyeonggi Province plans to utilize the discussions from this seminar to develop a mid- to long-term roadmap for fostering the service industry and will gradually implement related policy initiatives.

Sung Kicheol, Director of Economic Planning at Gyeonggi Province, stated, "The digital transformation of the service industry is both a challenge and an opportunity for us. Through this seminar, we will listen to diverse voices from the field and pave a new path for Gyeonggi Province to lead the service industry in the era of digitalization and artificial intelligence in South Korea."

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