President Yoon Suk Yeol (middle) and Chey Tae-won (proper), chairman of the Korea Chamber of Commerce and Trade, who will function the chair of the 2025 APEC CEO Summit, obtain the gavel from Fernando Zavala (left), chair of the 2024 APEC CEO Summit held on the Grand Nationwide Theater in Lima, Peru, on Friday (native time). (Yonhap)
President Yoon Suk Yeol on Friday proposed establishing a discussion board amongst Asia-Pacific Financial Cooperation members to set requirements to advertise the mixing of synthetic intelligence and manufacturing industries.
Yoon burdened APEC’s vital function in international manufacturing in the course of the APEC CEO summit, a enterprise discussion board held alongside the APEC summit in Lima, as he famous the world has ushered in an “period of grand AI transition” that impacts company competitiveness and nationwide safety, and adjustments the paradigm of the worldwide financial system.
“Provided that APEC accounts for a substantial portion of worldwide manufacturing, we should promote the mixing of producing and AI to boost the competitiveness of companies within the area,” Yoon mentioned.
To this finish, Yoon instructed forming a working group to develop widespread requirements and certification techniques for industrial AI functions.
He additionally underscored the significance of stabilizing provide chains amongst APEC’s 21 member economies, which collectively characterize greater than 2.9 billion folks and account for over 60 p.c of worldwide GDP, amounting to greater than $63 trillion.
“To strengthen digital connectivity, we have to set up new norms and frameworks appropriate for the digital period, such because the Digital Financial system Partnership Settlement,” he mentioned.
Yoon additionally proposed internet hosting a “carbon-free summit” involving governments, worldwide organizations and power firms throughout subsequent 12 months’s APEC summit to handle urgent local weather change and power challenges.
South Korea will host the 2025 APEC summit in Gyeongju, positioned about 270 kilometers south of Seoul.
