Converged Science Technology Leads the Future Economic Development
Converged Science Technology Leads the Future Economic Development
  • Yeon Choul-woong
  • 승인 2011.01.05 21:41
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Kim Young-hwan, chairman of the Knowledge Economy Committee of the National Assembly

Converged science technology that merged state-of-the-art technology and traditional industries will lead the economic development in the future, a senior lawmaker said.

"The future of economic development is possible only through converged science technology.  In 2001, when I served as minister of science and technology, I asserted that science technology and cultural arts should be fused into one," Kim Young-hwan (digitalmr@hanmail.net), chairman of the Knowledge Economy Committee of the National Assembly, stated.

"However, now is the time when we should push for science technology that merged advanced technology and traditional industries. Since the 1960s, the manufacturing industry has led the nation's economic growth.

"We should not discard past industries, even though such new sectors as IT, BT and CT have grown up rapidly. We should make the best use of the portfolio of Korea's traditional industries," conveyed Kim.

Chairman Kim said, "We should merge the sense of cultural arts and the sense of ecological environment values based on such science technology. For instance, when we produce a refrigerator, we should mix advanced technology, artistic sense, design, environmental ecology, and energy-saving technology for the product."

 

Opening of single person broadcasting station

Noting that political activities have been changing, which are centered on communication, Kim said, "As modern people are accustomed to video media, I decided to operate a single person broadcasting station in July of this year."

The senior lawmaker said, "We selected policy issues in a variety of fields such as urban agriculture, nuclear power plants and new & renewable energy as broadcasting items. As we changed such difficult subjects into easy and interesting issues through video, a growing number of people began to have keen interest in the topics. We communicate with acquaintances on such topics with Twitter, U-Tube and portal."

If accumulated, video content will have a great effect in the future, he said, "The single person broadcasting station can be a new growth engine."

 

Major business plans for 2011

Korea's per capita GDP is expected to recover to the US$20,000 mark in 2010 and the nation enjoyed the biggest export performance, emerging as the world's seventh largest exporter.

"However, the business sentiment felt by the general people such as self-employed and owners of small and medium-sized enterprises still remain in a deep freeze. Under the rapidly changing economic conditions both at home and abroad, many issues are likely to occur in energy and other industrial sectors this year," said Kim.

"As the head of the Knowledge Economy Committee of the National Assembly, I will push for policies seeking qualitative change of the domestic industries through productivity innovation of the main industries. At the same time, I will exert my best efforts to inject fresh vigor into the grassroots economy and as well as promoting the quality of life for the people," said the lawmaker.

He also said, "As I earlier mentioned, I will make on-the-spot inspections frequently to seek new growth engines."

 

Policy measures to cope with global economic recession

Chairman Kim, said that low economic growth rate is expected to continue in the world in 2011 with the economic recovery of the U.S. and European countries being delayed.

In the U.S., high unemployment rate will persist and the economic growth rate will fall due to sluggish housing markets and that the retrenchment policy will continue to Europe, predicted Kim.

Noting that the Chinese government's control of the economic growth pace is one of the biggest factors behind low growth, Kim said, "If the U.S. pushes for depreciation of the dollar to expand exports, its currency dispute with China will be intensified. This is because of such a crisis in cooperation system among countries, the global market can be uneasy in 2011."

He forecasts that the Korean economic growth rate will remain at around four percent, exports will see its growth pace slow down, and the export rate will stand at around 10 percent next year.

"Under such circumstances, the government should continue implementing measures to encourage enterprises, facility investment and take a prudent attitude in raising market interest rates," he mentioned.

 

Activation of e-trade

Kim explained that e-trade refers to transactions of goods and services made through electronic trade documents, so that it is a new paradigm, which can reduce costs and improve productivity.

The committee introduced the e-trade promotion law to build e-trade platform and establish the national electronics trade committee, which maps out and adjusts e-trade-related plans. As of 2010, about 17,000 institutions used the e-trade system.

The government plans to expand the e-enablement ratio of major 12 trade documents to 75 percent by 2015 from the present 40 percent.

"To activate e-trade, it is necessary to develop process-centered services and integrated services that combined logistics information and trade information. Along with this, we need to establish a foundation to spread e-trade standards to the world," he added.


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