In line with our mandate from the Seoul
Metropolitan Government, the Seoul Digital
Foundation conducts research and
consultation on information and
communication technology (ICT) to perform
our core responsibilities, which includes:
fostering a digital economy, solving urban
issues through innovative technologies,
assisting information technology (IT)
startups in Seoul, developing and providing digital
literacy education for residents of Seoul,
managing the Gaepo Digital Innovation Park,
and hosting the annual Seoul International
⊙ Tackling urban issues with digital
technologies With a growing demand for policies to respond to the emergence of new digital technologies as well as to rapid changes in the digital landscape, there is a need for Seoul to stand at the forefront of the digital era and reorganize the potential of digital governance to improve the lives of citizens through digital technology. Even though the digital infrastructure of Seoul is one of the world's best, the quality of life is ranked at the bottom among advanced global cities around the world. Public-private policy cooperation to make the most of the public sector’s planning ability in conjunction with the expertise of the private sector is needed to swiftly develop policy measures to address issues related to technological advancement.
⊙ Designing governmental policies for a digital economy
With a growing demand for new economic policies due to the expansion of industries based on new digital technologies, Seoul faces drastic changes in its economic structure with the emergence of a shared economy, online-to-online commerce (O2O), and big data. The global market size for the shared economy is projected to grow more than 20 times, from approximately KRW 16 trillion in 2014 to KRW 367 trillion in 2024 (PwC, 2015). There is a need to introduce a new system statistical measurement for GDP and the value of the digital economy, including taxation and regulation strategies to promote industrial growth with a focus on conversion/transition of traditional industries into high-value added digital industries. The accelerated convergence of digital technologies and traditional industries (e.g. healthcare, education technology, financial technology) is expediting efforts to revitalize the industry. A comprehensive and integrated regulatory system is needed to shape policies and regulations to promote convergence between businesses and industries in the age of the 4th Industrial Revolution.
⊙ Building infrastructure for digital innovation
Understanding the potential of digital technologies and their potential for unprecedented societal transformation are crucial for living in today's world. Digital technologies and knowledge-based capital investment and expansion have emerged as key elements to bring about social transformation (OECD Digital Economy Outlook 2015). There is a growing need to promote early software education to foster the next generation of leaders in the digital economy. Korea's digital education system for future generations is not on par with that of major countries around the world. The country is in urgent need of innovative digital literacy education. There is an increasing need for early digital education to foster next-generation leaders in the digital economy. A wide range of creative programs is needed to encourage digital innovation. Although numerous facilities were provided to digital businesses across the nation in a short period of time, most of the facilities were not fully utilized (less than 10 people/day) because the characteristics of the businesses were not taken into account. There is a need for comprehensive facilities and programs designed to help people share and exchange innovative ideas to create new inventions.