The Korean New Deal Overview and the Digital New Deal Projects

The Background of Korean New Deal and the Meaning of Digital New Deal
  • The Lead Organization of both countries will supervise and support establishment and operation of the DGCC
  • The Specialized Organization of both countries will be exclusively in charge of the operation of the center, and conduct cooperative activities.
  • The Digital Government Cooperation Committee will approve the matters related with the operational plan and performance of the Center
Vision From a Fast Follower to a First-mover Economy From a Carbon-dependent to a Low-carbon Economy From a Socially-divided to an Inclusive Society Policy Digital New Deal: Promote Digital innovation and Dynamics in the Economy industrial&technological integration&innovation Green New Deal Accelerate Transition toward Low-carbon and Eco-friendly Economy Increase investment in human resources to create new jobs Stronger Safety Net Strengthen Basis for a People-centered and inclusive Country Fiscal Investment Create New Markets & Demand Institutional Improvement Accelerate Innovation and Investment in the Private Sector Total(28Projects) Digital New Deal 12 Projects Green New Deal 8 projects Stronger Safety Net 8 Projects
The Background of Korean New Deal and the Meaning of Digital New Deal
Digital New Deal is a strategy to increase the utilization of data to transform the data economy based on the ICT industry, which is the core strength of Korea, to dramatically increase productivity of all industries, to spread digital innovation and dynamics throughout the economy.
Strengths - Outstanding hardware infrastructure as Korea was the first to commercialize the 5G network - Extensive archive of data Weaknesses - Low utilization of data, network and AI(DNA)in industries, education and infrastructures Opportunities - Country’s competitiveness in digital technology reaffirmed through the COVID-19 pandemic Threats - Insufficient presence of Korean businesses in markets for AI and cloud computing Focus Areas 1. stronger integration of DNA throughout the economy 2. Digitalization of education infrastructure 3. Fostering the ‘untact’ industry 4. Digitalization of social overhead capital(SOC)

Areas and Projects

Area 1. Stronger Integration of DNA throughout the Economy
promoting the use and integration of data, the 5G network and AI (DNA) throughout all sectors to create new digital products and services, while also enhancing the productivity of the Korean economy. (38.5 trillion won including 31.9 trillion won from the treasury will be invested by 2025 to create 567,000 jobs.)
  • Project 1. Collecting, disclosing and utilizing data in areas closely related to people’s lives
    The ‘data ecosystem,’ which involves the collection, utilization, disclosure, integration and distribution of data will be reinforced. A data control tower will be established for the integrated management of public and private data.
  • Project 2. Expanding the integration of 5G and AI into industries
    Projects that integrate 5G and AI technology into primary, secondary, and tertiary sectors of the economy will be introduced for the digitaliza tion of all industries and the creation of new markets.
  • Project 3. Making a smart government that utilizes 5G and AI
    The government will adopt a smart working environment by utilizing 5G and cloud networks, while also being innovative to quickly provide customized public services.
  • Project 4. Advancing cyber security
    Cyber security will be strengthened nationwide to effectively respond to the accelerated digitalization and the consequent increase in cyber threats. Support will be provided to promising businesses and technologies in relevant areas.
Area 2. Digitalization of Education Infrastructure
expanding digital infrastructure and educational materials to incorporate a blend of online and offline methods into learning environments of all elementary, middle and high schools, universities and job training institutions across the country. (1.3 trillion won including 0.8 trillion won from the treasury will be invested by 2025 to create 9,000 jobs.)
  • Project 5. Creating technology-based education infrastructure for grades 1-12
    Full coverage of high-speed classroom Wi-Fi will be provided to all elementary, middle and high schools across country with 200,000 PCs and 240,000 tablet PCs for operating an integrated platform for online learning that utilizes various educational materials and big data to provide customized learning materials.
  • Project 6. Strengthening the online education system of universities and job training institutions
    Old ICT Infra/facilities will be replaced at 39 national universities, 10 remote education support centers and 28 training centers will be installed for the online learning (lectures that address the demands of the Fourth Industrial Revolution, such as AI and robotics, will be available via the Korean Massive Open Online Course (K-MOOC)) and for the digital capacity of citizens.
Area 3. Fostering the ‘Untact’ Industry
laying the groundwork to promote the ‘untact’ industry by setting up relevant infrastructures that are closely related to people’s daily lives (e.g. medical, work-related and businesses-related infrastructures). (2.5 trillion won including 2.1 trillion won from the treasury will be invested by 2025 to create 134,000 jobs.)
  • Project 7. Building smart medical and care infrastructures
    The establishment of a digital-based smart hospital, the establishment of a dedicated respiratory clinic, digital care for the health-weak/vul- nerable people (120,000), and disease management through the dissemination of wearable devices for 200,000 chronic patients. Project 8. Promoting remote working in SMEs
  • Project 8. Promoting remote working in SMEs
    Support for establishing remote working solution and consulting voucher, establishing a video conference room in a SMEs Cluster, and devel- oping video conferencing quality improvement with security, and task management SW for integrating new digital technologies into remote work.
  • Project 9. Supporting online activities of micro-businesses
    Support for online exhibitions, shopping malls, live commerce for 320,000 SMEs, promotion of subscription economy pilot projects, and es- tablishing the 100,000 smart stores and 10,000 smart workshops that of using 5th generation mobile communication and artificial intelli- gence technology
Area 4. . Digitalization of Social Overhead Capital (SOC)
applying ICT technologies to key SOC infrastructure for safer and more convenient lifestyles and adding ‘smart’ components to urban spaces, industrial complexes and logistics systems to strengthen the competitiveness of relevant industries. (15.8 trillion won including 10 trillion won from the treasury will be invested by 2025 to create 193,000 jobs.)
  • Project 10. Building a smart management system in four sectors
    Establishment of digital management system and platform using traffic, digital twin, water resource management, intelligent systems in di- saster response, IoT sensors, etc.
  • Project 11. Adding digital innovation to urban spaces and industrial complexes
    Establishment of CCTV-linked integrated platform such as traffic and crime prevention, smart city pilot project with its solution, integrated control center for real-time safety traffic prevention management, and remote monitoring system for harmful chemicals.
  • Project 12. Building a smart logistics and distribution system
    Establishing and promoting the smart logistics centers for land/sea logistics, creating e-commerce logistics complexes and introducing the authentication system, establishing integrated trading/auction platform for agricultural/livestock products, Developing the Advanced Delivery Technologies by use of Robot/Things Internet/Big Data.
For more information :
Ministry of Economy and Finance(July, 2020), Korean New Deal
https://english.moef.go.kr/pc/selectTbPressCenterDtl.do?boardCd=N0001&seq=4948