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Busan hosts gov't, business leaders for ITU Telecom World Updated: 2017-09-26 12:29:37 KST

The ITU, or International Telecommunications Union, is the information and communications arm of the UN.
ITU Telecom World is being held through this Thursday at the Busan Exhibition and Convention Center, commonly known as BEXCO, where visitors can get a look at technology that is essential to the Fourth Industrial Revolution.

The ITU's secretary general, Houlin Zhao, says this year’s conference is dedicated to match-making services for small businesses and startups, and enhancing their global opportunities, especially due to concerns that technology could eliminate many kinds of jobs.

This year’s theme is ‘Smart Digital Transformation, Global Opportunity’.
There are different pavilions for different sectors, including 5G technology, future broadcasting, virtual reality and augmented reality.
The conference also showcases South Korea’s latest innovations in big data, drones and artificial intelligence.
On the sidelines, there will be an ITU forum for youth.

The fact the conference is being held in Busan has extra meaning this year, with South Korea having topped the global ICT rankings for the second year in a row.
Also notable this year is that Korea will be the first country in the world to debut a 5G mobile network during the PyeongChang Winter Olympics next year.

Around 8-thousand officials and experts from governments and the business sector are expected to take part in the conference, and some 40 thousand people are expected to attend as visitors.
The host city says the conference will likely generate some 104-million-dollars worth of production and create at least a thousand jobs in Busan alone.
Park Hee-jun, Arirang News.
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