In an interview on the Ministry's YouTube channel during a policy talk show, Gu discussed the economic growth strategy for the second half of the year, the establishment of an AI powerhouse, and the inclusion in the World Government Bond Index (WGBI).
The growth strategy for the latter half of the year will focus on diversifying energy supply chains, investing in future food sectors, addressing employment issues, and innovating regulations.
Gu emphasized the need to reduce reliance on Middle Eastern energy sources and diversify supply chains in preparation for increasing global economic uncertainties. He stated, "By diversifying supply chains, we will produce domestically what we can and source from abroad what we must, thereby mitigating difficulties in the event of situations similar to the Second or Third Middle Eastern Wars. We must accelerate decarbonization and reduce our dependence on oil to lead in renewable energy and climate change initiatives."
He also mentioned that as the fiscal situation improves, investments will be made in sectors that enhance future potential. The goal is to achieve a super-innovative economy by producing two or three world-leading products in memory semiconductors. Additionally, he plans to innovate regulations and finance to address polarization and invest in solutions for employment issues in the AI era.
Gu placed particular importance on the AI transformation, stating, "Korea is recognized globally as one of the most prepared countries for AI."
He added, "If we transition to an economy that utilizes AI, there is great potential for Korea. We plan to establish a global AI hub in Korea." He noted that nine UN agencies are set to come to Korea to enhance the efficiency of their operations through AI, including UNESCO, WHO, and the World Bank.
The government is currently implementing policies to elevate Korea to one of the top three global AI powers. Gu expressed his commitment to ensuring that Korea establishes itself as a leader in AI, strengthening competitiveness not only in memory semiconductors but also in power semiconductors and sensor semiconductors.
He also addressed the significance of the WGBI inclusion, stating, "Being included in the WGBI signifies that Korea is being treated as a developed country. It is gratifying to see that foreign perceptions of Korea are changing as more money begins to flow into Korean government bonds."
In conclusion, Gu expressed confidence, stating, "This year, our growth rate is among the highest in the OECD, and tax revenues are increasing. We will demonstrate a virtuous cycle of reducing bond issuance and deficits while spending wisely."
* This article has been translated by AI.
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