SME+4.0
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President Shin Speaks on Closing the Skills Gap at the WEF
(President Shin poses (far right) with the National University of Singapore President Tan Eng Chye (center) along with Distinguished Professor Sang Yup Lee in Davos last week.)
President Sung-Chul Shin shared his ideas on how reskilling is a critical element of growth, dynamism, and competitiveness for countries during a session titled “Closing the Skills Gap: Creating a Reskilling Revolution” at the World Economic Forum on January 24 in Davos.
While discussing a reskilling imperative alongside French Labor Minister Muriel Penicaud, he presented how the Korean government and KAIST are responding to the socio-economic transformation of workforces in the Fourth Industrial Revolution. After their presentation, Minister of Economy and Enterprise of Spain Nadia Calvirno Santamaria, Minister of Commerce and Industry of Oman Ali bin Masoud bin Ali Al Sunaidy, and Minister of Petroleum and Natural Gas, Skill Development, and Entrepreneurship of India Dharmendra Pradhan shared their views on the course of decision making regarding the proactive practices and policies they have applied for closing the gaps from their countries’ perspectives.
President Shin presented how to upskill and reskill SMEs and startups, the real players who will jumpstart the economy in the Fourth Industrial Revolution. He explained that the government is striving to change the existing structure of the economy, which is dominated by a few giant conglomerates. He added that the Korean government is trying to support SMEs and startups in terms of both funding and technology reskilling in order to rejuvenate the economy.
To better align itself with the government’s efforts, KAIST has introduced SME 4.0. SME 4.0 proposes to innovate the production process through the creation of a partnered platform between KAIST and SMEs across the country. With this platform, KAIST assists local SMEs for standardizing and systemizing all their processes of production, delivery, and management with enterprise resources planning (ERP) and manufacturing execution systems (MES). In addition, SME 4.0 offers retraining and re-tooling programs by linking the data generated through this platform in real time to better facilitate SMEs’ smart business.
(President Shin shakes hands with H.E.Mohammed Al-Tuwairi, Minister of Economy and Planning of Saudi Arabia before holding a bilaterla meeting in Davos.)
President Shin also explained about upskilling the leading corporations’ technological competitiveness, partnering with major leading corporations for upskilling their advanced technologies.
He also held a series of bilateral meetings with dignitaries attending the WEF annual meeting to discuss partnerships and collaborations. He also attended the Global University Leaders Forum (GULF), a community composed of 28 presidents from the world’s top universities on January 23. President Shin, who is on the advisory board of the Center for Fourth Industrial Revolution (C4IR), also participated in the board meeting and discussed the upcoming launching of the Korea C4IR, which will open at KAIST in March.
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KAIST-WEF Roundtable on Inclusive Growth and Job Creation
The World Economic Forum (WEF) will join KAIST in an effort to address sweeping global problems in the wake of the Fourth Industrial Revolution. The two will co-host a roundtable on ‘Shaping Korea’s Priorities for Inclusive Growth and Job Creation in the Fourth Industrial Revolution’ on October 13 at Lotte Hotel in Seoul.
The roundtable will bring together leaders from government, industry, universities, and non-profit civic organizations to have an in-depth discussion on a thought-provoking agenda of inclusive growth and job creation which scientific and technological changes will bring about. The event will provide a platform to explore practical collaboration and innovative strategies for better job creation and innovation ecosystems.
The two will also sign an MOU for collaboration between the Fourth Industrial Revolution Information Center (FIRIC) of KAIST and the WEF Center for the Fourth Industrial Revolution (C4IR).
President Sung-Chul Shin of KAIST and the Head of the WEF Center for the Fourth Industrial Revolution, Murat Sonmez, will lead the panel discussion titled ‘Inclusive Growth and the Fourth Industrial Revolution’ which will be attended by leaders from government, industry, and non-profit civic organizations.
At the breakout sessions, the topics will be “Future Jobs” and the “Creation of Innovation Ecosystems”. Additionally, a discussion on the “SME 4.0 Initiative”, which is a program pushed forward by KAIST in collaboration with local governments, will talk about job creation through innovation in small and medium-sized enterprises (SMEs). The WEF will introduce their two-year activities and research on the Fourth Industrial Revolution, which have great potential and a high possibility of successfully undergoing the revolution, to Korea.
Since WEF Executive Chairman Klaus Schwab brought up the topic of the Fourth Industrial Revolution, the WEF has been leading agenda topics and discussions on high-profile matters, including ‘technology-driven but human-centered inclusive growth’ in predicting the future of jobs.
The WEF is a nonprofit organization committed to addressing the world’s weightiest problems. It is best known for its annual meetings in Davos, Switzerland, which attracts leaders from around the world. KAIST has been participating in this summit since 2009. President Shin will also attend the upcoming Davos summit next January. Distinguished Professor Sang Yup Lee who heads the KAIST Institute and the FIRIC is the co-chair of the Global Council on Biotechnology and a member of the Global Future Council on the Fourth Industrial Revolution at the WEF.
Moreover, President Shin and Mr. Sonmez will explain the background of the roundtable and share the results of the sessions at a joint news conference.
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