Kim Sang-jo, policy chief for President Moon Jae-in, met with heads of the country’s top internet and telecom companies to discuss Digital New Deal projects.

Kim had a closed-door meeting with five corporate chief executive officers – Koo Hyun-mo of KT Corp., Park Jung-ho of SK Telecom Co., Ha Hyun-hwoi of LG Uplus Corp., Han Seong-sook of Naver Corp., and Yeo Min-soo of Kakao Corp. – on Thursday.

“I had asked their cooperation on creating a dynamic digital ecosystem that can present greater opportunities for young people,” Kim told the press after his meeting with the corporate chiefs.

He said discussions on cooperation for state’s “digital new deal” initiative were also made.

The Korean government’s five-year digital new deal initiative is to foster economic recovery from the coronavirus-caused recession and build new growth momentum through digitization projects.

For the digital new deal project, the government has earmarked 2.7 trillion won ($2.3 billion) this year, which will be spent on strengthening competency in key technologies like 5G network, big data analysis and artificial intelligence. The state’s plan also includes digitalizing social overhead capital.

By Lim Young-shin and Cho Jeehyun

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