Saturday, May 10, 2014
Minister Choi stresses public-private cooperation at inaugural meeting of IT Strategy Commission
Earlier this week the newly formed IT Strategy Commission (mentioned in this earlier post) held its inaugural meeting. Organized by the Ministry of Science, ICT and Future Planning and headed by the prime minister, the commission includes researchers, private companies and economic experts. As reported by The Korea Joongang Daily, Minister Choi Mun-kee emphasized the importance of public-private cooperation in his speech as follows. “The public and private sectors have to cooperate through the IT Strategy Commission. The commission aims to resolve urgent problems - low growth, job creation, low fertility, the aging society and reunification with the North - that our society is facing and to accelerate economic growth.” The plan announced at the meeting is part of the government’s investment of 1.4 trillion won ($1.4 billion) over three years in an ICT technology development policy package that includes supporting the software industry and commercializing the superfast 5G network, Internet of Things and ultra high-definition broadcasting.