Future of Korea- Hong Kong in 4th
- KITA held Korea-Hong Kong Business Round Table… Sought cooperation in AI and FinTech, etc. -
The Korea International Trade
Association (Chairman, Kim Young-joo) held ‘The 18th Korea-Hong
Kong Business Round Table (BRT)’ at COEX Intercontinental Hotel in
Samseong-dong, Seoul on May 29.
This year marks the 25th anniversary
the Korea-Hong Kong Business Round Table. It was first co-organized by the
Korea International Trade Association and the Hong Kong Trade Development
Council (HKTDC) in 1993. In this BRT, active discussions on economic
cooperation between Korea and Hong Kong were carried out under the theme of the
fourth industrial revolution, including artificial intelligence (AI), FinTech, biotech, and supports for start-ups.
Chairman Kim Young-joo of the Korea
International Trade Association said in his welcoming speech, "Like Korea,
which is establishing a comprehensive national strategy and policy for the
development of the fourth industrial revolution, Hong Kong is making generous
investment in the related areas under the government’s leadership. I hope that
Korea and Hong Kong can develop the relationship into a future-oriented one by
cooperating with each other in the fourth industrial revolution areas. "
A senior researcher Lee Jang-kyu at the Korea Institute for International Economic Policy said in the
first session, “Although Korea has manufacturing-oriented
industries, its service sector is growing rapidly and it is possible to cooperate
with Hong Kong, the service powerhouse.” Jang
Young-seung who made a presentation in the second session introduced a market
for social robots with artificial intelligence (AI), products and a revenue
model analysis. SenseTime, the largest AI unicorn company in China, shared the
cases that applied core technologies such as face recognition and autonomous
navigation in financial, security and smart phones.
In the afternoon, there were one on
one business consultation meetings between 15 companies from Hong Kong and 40
Korean companies. The delegation of BRT from Hong Kong will visit Samsung
Innovation Museum, Seoul Startup Hub, LH the Smartium and Ansan Smart
Manufacturing Innovation Center during their stay in Korea.