Seoul: Finance Minister Koo Yun-cheol and Science Minister Bae Kyung-hoon on Monday agreed to strengthen inter-ministerial cooperation to maximize the effectiveness of government policies, Koo's office said. Koo, who doubles as deputy prime minister for economic affairs, and Bae, who now doubles as deputy prime minister for science and technology, held their first meeting following the elevation of the Ministry of Science and ICT to a deputy prime minister level in a recent government reorganization.
According to Yonhap News Agency, Koo emphasized the intrinsic connection between science, technology, and economic and industrial development during the meeting. He highlighted the necessity of a comprehensive approach within economic policymaking, especially with the significant impact of artificial intelligence (AI) as a core agenda item in the current administration's growth strategy.
President Lee Jae Myung's administration previously unveiled a five-year economic development blueprint aimed at fostering a "super innovation economy," focusing on AI and other cutting-edge technologies. This initiative underscores the government's commitment to integrating technological advancements with economic strategies to drive national growth.