|Title||President Jae-Young Lee Attends the 2020 ICT Industry Outlook Conference|
President Jae-Young Lee of the Korea Institute for International Economic Policy (KIEP) attended the 2020 ICT Industry Outlook Conference held in the Korea Chamber of Commerce and Industry, Seoul from November 5 to 6, 2019 and delivered a keynote speech under the theme of “Recent Developments in Global Economy: Perspective from Technological Competition.”
President Lee pointed out that geopolitical tensions arising from uncertainty in policies, trade protectionism and trade disputes, monetary policies of major developed countries, and Brexit all serve as risk factors for global economic growth. He emphasized that the key to the U.S.-China trade dispute is to secure technological hegemony. Lastly, he predicted that the economic growth rate of Korea will reach about 2 percent in 2020, also going on to identify a decrease in population and aging population, slowdown in export activity, and concentration of exports by regions and goods as major challenges for the Korean economy.
The conference was a venue to share visions and seek ways for the Korean ICT industry to respond to such challenges. Participants included Sang Min Lee, incumbent National Assembly member of the Democratic Party; Seokyoung Jang, Deputy Minister of the Ministry of Science and ICT; President Jae-bum Seok and Vice President Hyoungdon Moon of the Information and Communication Technology Promotion (IITP); Sanggyu Park, Executive Vice President of Electronics and Telecommunications Research Institute (ETRI), and other distinguished experts in diverse fields.
- Title: 2020 ICT Industry Outlook Conference
* Keynote Speech of President Jae-Young Lee: KIEP Youtube