• KITA Held ‘Korea-Sweden Business Summit’
    2019-12-18 hit 1746

    KITA Held ‘Korea-Sweden Business Summit’


    - The largest-ever delegation, including Wallenberg Group  first visit to Korea after economic

     cooperation discussion in Stockholm in June -


    The Korea International Trade Association (Chairman: Kim Young-ju) and Business Sweden, a representative Swedish trade department, co-hosted “Korea-Sweden Business Summit” on December 18th at Signiel Seoul in Songpa-gu.


    The event held under the theme of “Strategic Competitiveness Using Innovations and Artificial Intelligence (AI) was attended by over 250 individuals from government agencies, including Minister Sung Yoon-mo of the Ministry of Trade, Industry and Energy, Minister Park Neung-hu of the Ministry of Health and Welfare, Minister Park Young-sun of the Ministry of SMEs and Startups, and Chairman Kim Young-ju of the Korea International Trade Association and corporates such as Samsung Electronics, Hyundai Motor Company, SK Telecom, Kakao, and NC Soft. The largest-ever Swedish economic delegation with approximately 100 members, including Prime Minister Stefan Lofven and individuals from over 60 Swedish global corporates such as Ericson, Astrazeneca, ABB, SAAB, and Scania visited Korea.


    Chairman Kim Young-ju of the Korea International Trade Association said in his opening speech, As AI technology requires innovation in the process of accumulating and learning data, both economies need to blossom the results of their learning about each other over the past 60 years into innovative technologies and industries.” He also stressed, "For the development of the future innovation industry, it is necessary to create an ecosystem where ideas become technologies and technologies can be applied to the industries."


    In a special session, Marcus Wallenberg, owner of Sweden's largest corporate Wallenberg Group, which is also known as a role model group for Samsung to benchmark, and the chairman of Swedish financial group SEB, made a speech in person regarding the cooperation measures for sustainable development in the fifth generation (5G) mobile communication sector, etc. Chairman Wallenberg said, In order for Korea and Sweden to continue to innovate in a rapidly changing trade environment, they need to open the paradigm of digital economy with 5G technology as a key axis of the national industry."


    Yoon Song-yee, president of NCSOFT, a Korean speaker, said, “As the impact of AI technologies on our society and our daily lives is growing, the responsibility for developing and utilizing AI technology is growing, and added, "In order to make sure that innovative AI technologies operate correctly in society, we need to consider many things from various perspective. 


    During the event, 5 MOU signing ceremonies were carried out. Astrazeneca, the Korea Health Industry Development Institute, the Korea Biotechnology Industry Organization and KOTRA signed an Memorandum of Understanding (MOU) for Investment in R & D of Korean Biopharmaceutical Industry, Incheon Port Authority and Swedish SF Marina-Philippines MEC Construction Consortium signed MOU for Golden Harbor Investment and Development, Hyundai Motor Company and Sweden Impact Coatings signed an agreement and Doosan Infracore and Scania signed an MOU.


    Prior to this event, the Korea International Trade Association held an economic cooperation event last June in Stockholm, Sweden, and shared examples of innovation such as technology innovation, sustainable management, and inclusive growth with 230 government officials and entrepreneurs, including President Moon Jae-in and King Carl XVI Gustaf. 


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