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WEF-KAIST to Host a Forum Next April in Korea
(President Shin poses with Chairman Schwab at the meeting in Dubai) President Sung-Chul Shin and Executive Chairman Klaus Schwab of the World Economic Forum agreed to co-host the Fourth Industrial Revolution Forum next April in Seoul during a meeting at the WEF Global Future Councils 2017 held in Dubai November 11-12. Next April’s forum will be a follow-up event of the roundtable discussion KAIST and the WEF Center for the Fourth Industrial Revolution co-hosted in October in Seoul. The two hosted the roundtable discussion titled “Mastering the Fourth Industrial Revolution: The Future of Jobs and Inclusive Growth in Korea.” During the annual meeting in Dubai, Chairman Schwab expressed his deep appreciation to President Shin for hosting the roundtable discussion and proposed a full-fledged forum in partnership with KAIST once again, which Chairman Schwab will be scheduled to attend. Chairman Schwab emphasized once again that Korea, who has the world’s top high-end technologies such as 5G telecommunications and semiconductor memory, will be the best fit to realize the Fourth Industrial Revolution most rapidly. He also expressed his great interest in the city of Daejeon in which is being considered to become the Special City for the Fourth Industrial Revolution. The Global Future Council of the WEF is the interdisciplinary knowledge network dedicated to promoting innovative thinking on the future. The annual council convenes in Dubai the most relevant and knowledgeable thought leaders from academia, government, business, and civil society to challenge conventional thinking and develop new insights and perspectives on key global systems, as well as the impact and governance of key emerging technologies. This year, more than 850 world-leading experts from 74 countries participated. Under the theme of ‘Vision 2030,’ participants explored systematic changes in key areas such as energy, mobility, and infrastructure while reflecting on the impact of technological breakthroughs in artificial intelligence, biotechnology, and other areas related to the Fourth Industrial Revolution.
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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