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[Herald Economy] WTO Secretary-General visits Korea after 10 years, meets with young digital ent...

[Source] Herald Business 2023-05-23

WTO Secretary-General visits Korea

after 10 years, meets with young digital entrepreneurs

Visit Naver 1784… Digital trade topic communication

“Preparation of international cooperation framework to promote digital trade”

Coagulation Ji Okonjo-Iwella (front row, center) Secretary-General of the World Trade Organization (WTO) held a conversation with young digital entrepreneurs on the subject of 'the future of digital and service trade, the role of the WTO' at Naver headquarters in Bundang, Seongnam, Gyeonggi Province on the 23rd. I am taking a commemorative photo. [Provided by the Ministry of Trade, Industry and Energy]

[Herald Economy = Reporter Bae Moon-sook] The head of the World Trade Organization (WTO), which mediates trade disputes between 164 countries, visited Korea for the first time in 10 years and communicated with young digital entrepreneurs.

On the 23rd, WTO Secretary-General Okonjo-Iwella, from the Ministry of Trade, Industry and Energy, visited the Naver 1784 new headquarters in Bundang, Seongnam, Gyeonggi Province, to experience the latest digital technologies such as artificial intelligence (AI), robots, and digital twins, and to hold a meeting with young domestic digital entrepreneurs. said to have On this day, Naver, the representative platform company in Korea, Curly (distribution), Megazone Cloud (cloud), Dot (braille graphic), Microsystems (nano), Gcrypto (blockchain), Lunit (AI medical), Klassom (edu) Tech), nthing (smart farm), and whitescan (cyber security) attended.

They are officials from digital companies active in various industries such as medicine, education, agriculture, and cyber security. At this meeting, they said, “The importance of digital trade has increased due to the acceleration of digital transformation and the advent of the data economy.” “The WTO supports business activities.

Please play an active role, such as preparing standards that can be done.”

“Digital technology will determine the future of trade, and digital transformation will bring challenges and opportunities to industry and governments,” said Secretary-General Kohji Ngo. I could confirm that I was at the forefront,” he said. “The WTO will also contribute to international cooperation and the establishment of a policy framework to promote digital trade,” he added.

The WTO Secretary-General's visit to Korea is the first in 10 years since then-Secretary-General Roberto Azevedo in 2014. During his visit to Korea, Secretary-General Kohji Ngo emphasized the importance of a multilateral trade system based on Korea's growth experience, and emphasized the importance of 're-coupling' rather than 'decoupling' (decoupling), which excludes certain countries from the global supply chain amid the recent trend of fragmentation in the world economy. It is conveying the message that 're-globalization' is necessary.

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