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South Korea’s Lee hopes to tackle AI, demographic issues at Apec summit

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The Apec AI Initiative is the outcome of the country’s strong will to transform a grand change into an opportunity, says President Lee Jae Myung.

GYEONGJU: South Korean President Lee Jae Myung said today that he hoped to cooperate with Asia-Pacific countries to tackle issues related to artificial intelligence (AI) and demographic changes at an annual summit of the Asia-Pacific Economic Cooperation (APEC) forum.

The Apec host nation has ambitions to become one of the world’s top-three AI powers, but its economic fortunes face challenges from a rapidly ageing society, with its birthrate in 2024 the lowest in the world.

Chinese President Xi Jinping and US treasury secretary Scott Bessent were attending a session to discuss how to navigate the rapid take-up of AI and respond to the demographic changes shared by many of the countries in the region.

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Tags:AIAPAPECAsiaChinachipmakerchipmakersEconomyJensen HuangLee Jae-myung

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