Budget ministry discusses AI, structural challenges with German delegation
The budget ministry said Tuesday it shared Korea's experience in responding to transformation and demographic changes driven by artificial intelligence (AI) with a visiting German parliamentary delegation. Vice Budget Minister Cho Yong-beom met with the delegation led by Christian Gorke, acting chair of the Finance Committee at the Bundestag, the lower house of Germany's parliament, to exchange…
The budget ministry of South Korea met with a German parliamentary delegation to discuss the impact of artificial intelligence and demographic challenges on their respective countries' economies. Vice Budget Minister Cho Yong-beom engaged in conversations with Christian Gorke, the acting head of the Finance Committee at Germany's Bundestag, the lower house of parliament.
Cho emphasized that fiscal policy must play a proactive role in fostering growth and mitigating economic disparities in the face of AI-driven industrial transformation. He highlighted that Korea is actively addressing demographic issues, such as the low birth rate and aging population, and their implications for public finances.
Both sides explored ways to prioritize budget allocations to maximize the use of limited resources. Cho also presented key elements of Korea's 2027 budget proposal, underscoring the nation's pursuit of economic growth and development as the world's fourth-largest economy.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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