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KAIST Partners with WEF to Prepare for the 4th Industrial Revolution
KAIST President Sung-Chul Shin and the Head of the World Economic Forum Center for the Fourth Industrial Revolution, Murat Sonmez, made a commitment to build cooperation in an active manner for addressing the ramifications of the Fourth Industrial Revolution. The two signed an MOU to cooperate in research in related fields on October 13 after holding a roundtable discussion titled “The Future of Jobs and Inclusive Growth in Korea”. It is the first partnership that the WEF has sealed with an academic institution.The roundtable discussion brought together distinguished guests from politics, non-profit civic organizations, academia, and enterprises including Daejeon Mayor Seon-Taek Kwon, Doosan Group Vice Chairman Lee Hyun-Soon, and Korean Venture Business Association President Ahn Keon-Joon. During the news conference, President Shin said, “This event means a lot because it explores ways in which inclusive growth and job creation can be realized in Korea. To move forward in the new age of the Fourth Industrial Revolution, every country needs to adopt appropriate new policies suitable for their specific market environments. KAIST will contribute to this process for Korea as well as for the global community.” President Shin also said, “Korea has been a fast follower in previous industrial revolutions. Now, we have the momentum to seize the opportunities in the wake of this revolution. KAIST is dedicated to leading Korea into becoming a first mover in the Fourth Industrial Revolution by cooperating with the WEF.” “Two decades later, we will live with considerable number of robots around us. It is possible that our societies in the future will consist of Homo sapiens and Robo sapiens. We need to create new jobs for Homo sapiens to prepare for a society that we will have to coexist with a new industrial tribe. Industries need continuing education to retrain workers for the ever evolving industrial landscape of the future,” President Shin emphasized. Meanwhile, Sonmez pointed out that all stakeholders should participate in understanding the new industrial environment’s ramifications, saying “Societies, governments, public and private sectors, startups, and academia should co-design inclusive models through global efforts. Ethics and influences on the job market should also be taken into consideration.” Sonmez said nine factors such as blockchains, internet of things, artificial intelligence, machine learning, cross-border data blow, drones, 3D printing, autonomous driving, the environment, and precision medicine will take center stage in the Fourth Industrial Revolution, In particular, he said that blockchains, which are a cybersecurity technology for online financial transactions, will bring even bigger changes than the ‘World Wide Web’ has done over the past three decades. “To this end, we will have to work closely with major academic institutes. Through this partnership with KAIST, we will make the fruits of the new industrial environment benefit Koreans and Korean society,” Sonmez added.
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