Lee Okwon: "AI War Intensifies... Productive Finance Is Essential"

Lee Eokwon, Chairman of the Financial Services Commission. Photo by Hyunmin Kim

Lee Okwon, Chairman of the Financial Services Commission, emphasized the necessity of productive finance in response to intensifying competition in advanced industrial technologies such as artificial intelligence (AI).

On the afternoon of November 27, at the Government Complex Seoul, Chairman Lee made these remarks while presiding over a 'Financial Structure Task Force (TF)' meeting with five research institutions: Korea Development Institute (KDI), Korea Institute of Finance, Korea Capital Market Institute, Korea Institute of Public Finance, and Woori Finance Research Institute.

Chairman Lee argued, "As the global technological hegemony war for fostering advanced industries such as AI intensifies, productive finance is essential for the sustainable growth of our economy."

He also stated, "Support from each research institution is vital to refine and advance our policies," and requested, "Please actively promote the necessity of productive finance and the policy direction to the public."

At the meeting, KDI presented trends in productive finance initiatives for fostering advanced industries in major countries, and various international case studies and institutional incentive systems were discussed.

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