SNU Professor Cho Young-tae Says Population Change Should Be Seen as a New Opportunity for AI and SW Companies, Not a Source of Anxiety
IT DAILY ·
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KOSA held the 39th KOSA Run & Grow Forum on the 30th at the Samjeong Hotel in Seoul, sponsored by the Ministry of Employment and Labor (Youth Future Plus).
The forum was organized to examine the implications of demographic change for industry from the perspective of the AI and software sectors, and Cho Young-tae, head of the Population Policy Research Center at Seoul National University, gave the lecture.
Cho said South Korea's low birthrate, aging population, and shrinking domestic market should not be viewed solely as sources of anxiety, and that demography should be used as a tool for identifying future market opportunities for AI and software companies.
The Korea Artificial Intelligence and Software Industry Association (KOSA) held the 39th KOSA Run & Grow Forum on the 30th at the Samjeong Hotel in Seoul, sponsored by the Ministry of Employment and Labor (Youth Future Plus). More than 100 industry leaders, including CEOs and executives from major domestic AI and software companies, attended the forum.
The forum was organized to examine the implications of demographic change for industry from the perspective of the AI and software sectors. The lecture was delivered by Cho Young-tae, head of the Population Policy Research Center at Seoul National University, who is also a professor at Seoul National University Graduate School of Public Health.
Cho gave a talk under the theme, "Population and Wealth in the AI Era: How Life Expands as Read Through Demographics." He explained that South Korea's low birthrate, aging population, and shrinking domestic market should not be viewed solely as sources of anxiety.
He went on to say that in a growth phase centered on knowledge- and information-based industries, qualitative characteristics and capabilities matter more than population size. In this context, he said population change should be seen not simply as a crisis, but as a new basis for determining business opportunities for AI and software companies.
Cho explained that conditions are emerging that can be expanded into new opportunities for AI and software companies. The photo was provided by the Korea Artificial Intelligence and Software Industry Association.
Cho said it is necessary to use demography in order to secure an early lead in future markets. He said it is difficult to capture opportunities in future markets by interpreting population change itself as if it were a simple formula, adding that a differentiated approach is needed. He also said that with aging, one cannot create opportunities by holding only the simplistic view that the senior market will automatically grow and productivity will inevitably decline.
Cho pointed to a current demographic trend in the global market in which parents in emerging economies directly invest in one or two Alpha Generation children, defined as those born after 2011. He also said Alpha Generation has characteristics such as familiarity with AI technology and high levels of utilization. He stressed that, in line with the expanding investment trend in this generation, domestic AI and software companies need to enter global markets centered on emerging economies such as the Middle East and Southeast Asia.
AI and software entrepreneurs attended the forum. Cho urged them to actively use demography as a differentiated business tool for their companies' future and growth.
The article concluded by announcing the next event. The next Run & Grow Forum will be held on November 25, and Choi Ji-hye, a research fellow at Seoul National University's Trend Policy Research Center, is scheduled to give a lecture on "Trend Korea 2027."
Source: IT DAILY · Yang Seung-gap
Original: https://www.itdaily.kr/news/articleView.html?idxno=241937
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Source: IT DAILY
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