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Innovation, technology, fairness discussed at future strategy conference Updated: 2019-09-20 16:14:15 KST

Innovation, future technology and fairness are the deciding factors of South Korea's economic future.
That was the core message of the inaugural 'Conference on Future and Strategy of Korea', which served as a platform for discussions with the private sector to seek ways to boost the slowing economy amid uncertainties both at home and abroad.

"It's important to raise our economy's growth potential. For that, I want to emphasize three factors. Structural reforms, leading the fourth industrial revolution and finding future growth engines."

In the discussions which will be reflected in the finance ministry's long-term policy plan, many experts say Korea should allocate more funds and human resources to nurture future technologies, such as robots, AI and biotechnology.
Some say robots could be the answer to the country's labor shortages brought about by a shrinking population.
Creating a fair economy was also one of the key topics at the forum, centered around addressing the income gap and ensuring a more even wealth distribution.

"The keys are innovation, inclusiveness and fairness. We should deal with the limits of quantitative growth through innovation, fix market system flaws through policy action, and create a fair economy to address inequality."

On the environmental front, the panel stressed the importance of using more renewable energy instead of fossil fuels for the sake of both the environment and the economy.

"Under the theme of 'Gathering Hope for a New Future', the future strategy conference hopes to propose ways to help the Korean economy prepare against global uncertainties and seek future growth engines.
Yoon Jung-min, Arirang News."
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