SEOUL, January 30 (AJP) - South Korea’s Deputy Prime Minister and Finance Minister Koo Yun-cheol met with a delegation from Moody’s Investors Service on Friday, outlining the country’s plan to bolster medium- and long-term competitiveness through artificial intelligence and new growth industries.
Koo met the Moody's team, which included Anushka Shah, a director overseeing sovereign ratings, at the Government Complex Seoul to discuss recent economic developments and the policy outlook.
Outlining the government’s growth strategy, Koo identified semiconductors, the defense industry and K-culture as core sectors, while citing “physical AI” and power semiconductors as next-generation growth engines. He said fostering new industries would be critical to sustaining and expanding the country’s competitiveness.
“The government is providing broad-based support, including workforce training, capital supply and regulatory easing,” Koo said.
Responding to questions from Moody’s on the impact of artificial intelligence on employment, Koo said opinions vary but that AI-driven transformation across key industries, along with the emergence of new sectors, could generate new jobs built on core technologies.
On geopolitical risks, Koo said the Lee Jae Myung administration has worked to maintain peace and stability on the Korean Peninsula since Lee took office, adding that conditions have remained broadly stable.
Koo also addressed the management of national debt over the medium to long term, ministry officials said.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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