US, South Korea commit to enhancing digital economy

The United States and South Korea agreed to cooperate to enhance the digital economy during the fourth meeting of the US and South Korean Information and Communication Technology Policy (ICT) Forum, the State Department said on Monday.

During the one-day forum held in Seoul on June 22, US and South Korean government representatives and industry leaders reached a broad consensus on issues promoting bilateral ICT policy coordination.

They had also seen eye to eye on topics considered “critical to further advancing the two countries’ digital economies and pursuing measures that reduce impediments to innovation” and encourage the growth of the ICT industry, according to a readout from the State Department. Forum participants discussed policy to supporting innovation, the free flow of data, emerging technologies and growth in the digital economy. Meanwhile, the two countries affirmed commitments to “foster efficiency, innovation, communication, social diversity, inclusiveness and sustainable economic growth, while respecting privacy and guarding against disruption, fraud and theft,” the State Department said. This includes joint support of inclusive, open, and transparent system of Internet governance, in addition to enhancing cybersecurity, improving personal data protection standards and promoting cross-border data flows through the Asia-Pacific Economic Cooperation’s (APEC) Cross-Border Privacy Rules (CBPR) system. Other topics of discussion included 5G next-generation mobile technologies and to foster the use of artificial intelligence.

Washington and Seoul plan to hold the 5th US and South Korea ICT Policy Forum in Washington in 2019.

Source: Kuwait News Agency