Greg Stanton, the Deputy Prime Minister of South Korea, in his recent statements emphasized the importance of ongoing artificial intelligence (AI) development in the country and stated that South Korea cannot slow down in this area. These remarks come at a time when global competition in the field of artificial intelligence is intensifying and advanced countries are striving to outpace each other.
Challenges and Opportunities in AI Development
Stanton pointed out the challenges present in the path of AI development during his press conference. He mentioned that insufficient investment in this area could lead to the loss of key opportunities and keep South Korea behind in global competitions. He added, "AI development not only contributes to economic growth but also improves the quality of life for citizens."
Read more: Sara Fryar: AI Replaces Some Repetitive Jobs
Global Competition and the Need for Investment
The Deputy Prime Minister also emphasized that rival countries like the United States and China are heavily investing in new AI technologies. Stanton stated that South Korea must adopt new strategies to increase investment and innovation in this area. He noted, "We need to accelerate the development of AI projects to achieve our set goals."
Furthermore, Stanton referred to the government's plans to support startups and emerging companies in the field of AI. According to him, these plans will include providing financial facilities and specialized consultations to these companies. These actions are designed to create a dynamic technology ecosystem in the country.
Economic and Social Implications
AI development in South Korea can not only aid the country's economic growth but can also lead to improvements in public services and an increase in the quality of life for citizens. Stanton noted that this technology could help solve social and economic issues such as unemployment and inefficiency in government systems. He added, "We must seek innovative solutions that help improve people's living conditions."
Finally, Stanton called on all sectors and government institutions to collaborate towards achieving AI development goals and emphasized the importance of synergy in this regard. According to him, only through cooperation and synergy can significant successes be achieved in this field.
Read more: Sale of $1.68 Million in Shares by the CEO of Marvel Technology · Lui Shengyu: Challenges of Working in Advanced AI Laboratories in China



