The Ministry of Science and ICT has been leading the Digital New Deal since July 2020 as part of the “Korean New Deal Comprehensive Plan” ahead of the new post-pandemic norm, and Born2Global Centre has played a crucial role as it connected Korean startups with various opportunities worldwide.
In an effort to adjust to the new remote working environment and contact-free measures to combat the COVID-19 economic crisis, President Moon Jae-in has directly stated that the goal of the Digital New Deal is to transition into a leading economy by putting digital capabilities at the forefront of all industrial fields, helping advance digital innovation centered around artificial intelligence (AI) and data. In response, all ministries congregated around the commitment towards information and communication technology in fostering digital transformation and dynamism that have become the driving forces for Korean companies to thrive in the fiercely competitive global market.
The Data Dam paved the way for large-scale data (170 types, 480 million cases) through the AI-learning initiative, its primary objective, and is currently producing 190 types of new data. This will then be applied to factories, homes, cities, education, and healthcare to create smart digital infrastructures that will trigger innovation across society and businesses, not simply stopping at data accumulation.
Additionally, the My Data (personal data) initiative, as part of the Data Dam project, is leading 8 tasks that are to directly ease our daily lives using the personal data retrieved from fields, such as finance, healthcare, the public, etc. Through this, it will help people manage their diseases (kidney disease, chronic disease prevention, and management services) and provide ‘consumer secretarial services’ that can help smart consumption via data analysis from mobile carriers and card payments
In order to broaden the digital transformation spectrum, the D.N.A. (Data, Network, AI)-based innovations will be supported by vouchers made readily available for SMEs and startups for easier adoption and utilization of data, AI, and cloud services. These endeavors are consequently to create projects that will become the global golden standard in various fields, such as manufacturing, healthcare, and welfare.
