PART 01 [SDF2023] Research Findings1: Age of Digital Convergence: From Technological Competitiveness to Institutional Competitiveness 2023.11.02 All Videos

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YOON Hye-sun Professor, Hanyang University School of Law

#grandquest #economicsecurity #regulatoryreform

We are living today in the age of digital convergence. Digital convergence is no longer just a phenomenon driving technological, economic, and social advancements but also a keyword with critical implications for humankind as a civilization as well as our future. This is evidenced in the competition playing out among major countries intent on establishing leadership in digital convergence; in addition to efforts to secure the relevant technological capabilities, steps are being taken to prepare necessary laws, regulations, and policies. In other words, digital convergence is a domain still being shaped, in which a clear global leader has yet to emerge. For South Korea, this is an opportunity to prove ourselves worthy of the task. But several key conditions must be met. First and foremost, where we were once narrowly focused on playing technological “catch-up” to new technologies, we must now take a multi-dimensional approach, actively supporting the creation of new markets and industries based on new technologies and working to ensure a competitive regulatory and legal environment where technological innovation can translate into social and cultural transformation. As a country, what we are facing is nothing short of a major inflection point, the impact of which is being felt in digital convergence sectors such as AI, biotechnology, and mobility. To assume global leadership in these areas and in the new global market being formed around them, we must make urgently needed reforms to our legal and regulatory landscape, thereby enabling not only technological gains but also the “socialization” of new technology adoption and innovation. This session looks at what changes must be made, and how, to ensure technological as well as system and policy competitiveness.

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