South Korea, Japan to Expand Cooperation in Future Industries Like 'AI and Robotics'... "Explore Ways for Companies and Research Institutions to Collaborate"
22nd Korea-Japan Economic Exchange Conference to Be Held in Daegu
Economic Channel for Local Governments and Companies in Both Countries, Cooperating for 26 Years Since 2000
Ministry of Trade, Industry and Energy: "Will Actively Support Efforts to Seek New Growth Opportunities in Future Industries"
The governments of South Korea and Japan will discuss ways to strengthen cooperation in future industries, including artificial intelligence (A) and robotics. Building on the manufacturing capabilities accumulated by their regional industries, the two countries will explore ways for companies and research institutions to collaborate in advanced materials, AI, robotics and other fields.
The Ministry of Trade, Industry and Energy said it will hold the 22nd Korea-Japan (Hokuriku) Economic Exchange Conference in Daegu on Oct. 23, together with Japan's Ministry of Economy, Trade and Industry. The conference, co-hosted by the Korea-Japan Economic Association, the Hokuriku Economic Federation and Hokuriku AJEC, an industry-academia-government council for expanding international economic ties, trade and investment, was attended by 150 representatives of the two countries' governments, local governments, economic organizations, companies and research institutions.
With the exception of the COVID-19 period, the Korea-Japan Economic Exchange Conference has served since 2000 as a channel for economic cooperation between local governments and companies in the two countries. For 26 years, it has fostered cooperation in trade, investment and industrial technology between Daegu, Ulsan, Gangwon Province and North Gyeongsang Province in South Korea and the three Hokuriku prefectures of Toyama, Ishikawa and Fukui in Japan. This year's conference, held under the theme "Beyond the 60th Anniversary of Diplomatic Relations: Putting Cooperation into Practice," focused on pursuing concrete cooperation in future industries, building on the trust and exchanges developed over the years.
In advanced materials, participants will discuss technological cooperation linking the manufacturing and research capabilities of South Korea and Japan. Gyeongbuk Technopark, Japan's Tsudakoma Corporation and the Innovative Composite Materials Research and Development Center at Kanazawa Institute of Technology will share technologies and research results related to carbon fiber composites and explore opportunities for joint research and technology exchanges.
In AI and robotics, the focus will be on applying the technologies in industrial settings and expanding their use. Cloud software company Tilon and robotics automation solutions company IM Robotics will respectively present examples of AI-based workplace innovation and smart factories using autonomous mobile robots. They will also share insights on how AI and robotics can boost productivity in manufacturing and discuss new opportunities for cooperation with the Hokuriku region.
The conference will also discuss industrial development and business support measures to promote sustained growth and economic revitalization in both countries' regions. South Korea will introduce policies to foster the AI and robotics industries, support small and medium-sized enterprises in expanding overseas, and address regional decline. Japan will share its policies on developing industrial clusters and promoting well-being. The two sides will seek growth strategies that reflect the industrial characteristics and strengths of their respective regions.
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"Cooperation between local governments and regional companies in the two countries is important for Korea-Japan economic cooperation to develop more broadly and sustainably," said Bae Junhyeong, director general for trade cooperation at the Ministry of Trade, Industry and Energy. "We will actively support this conference in connecting the strengths of our regional industries and creating new growth opportunities in future industries."
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