They are expected to discuss ways to expand cooperation in artificial intelligence (AI), energy and other areas including how South Korea can share its technological expertise and experience from its rapid economic growth to help strengthen AI capabilities, particularly in developing countries.
Their talks will also cover ways to incorporate South Korea's energy-sector expertise and technology into the World Bank's support programs and other relevant initiatives.
Banga is visiting Seoul to attend the Global AI and Digital Summit, which runs from Monday to Thursday and brings together global leaders to explore how digital technologies and AI can accelerate development.
Before taking the helm of the international financial institution in June 2023, Banga served as CEO of Mastercard and vice chairman of U.S. private equity firm General Atlantic.
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