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EUCCK invites MIC minister
Minister Chin Dae-Je Shows "IT 839 Strategy"
"Korea Able to Produce World-class W-CDMA"
EUCCK President Frans Hampsink delivers his welcome speech.

The development of a series of innovative technologies from time division exchange (TDX) in the 80s to code division multiple access (CDMA) and the broadband internet since the 90s has established Korea as a global IT powerhouse. As a result, the IT industry has emerged as a key driving force of the Korean economy.

"Every problem has a solution, only if we perhaps change our attitude," said Minister of Information and Communication Chin Dae-Je in a luncheon speech held at the Ruby Room of Shilla Hotel in Seoul on April 7, 2005.

Frans Hampsink, president of The European Union Chamber of Commerce in Korea (EUUCK), welcomed everyone for the seminar titled "Korean Information & Communication Technology Industry for the Next Decade."

Minister Chin Dae-Je.
EUCCK was formed by a group of individual business executives from various European Union (EU) companies based in Korea, with initial financial support from the European Commission in February 1986.

The purpose of the chamber is to help in any possible way in developing trade, commercial and industrial relations between the EU and Korea. The chamber paves the way for and fosters contacts between interested business circles of the 25 EU member states and the Korean Peninsula.

EUCCK, a non-profit organization, is made up of around 800 member companies from the EU as well as the overseas business community.

Various types of guests from the different organizations were present at the luncheon seminar, such as the secretary general of EUCCK, members from other foreign chambers of commerce in Korea, and members from different multinational companies.

Among the guests were many ambassadors including Amb. Carlos M. L. Frota of Portugal, Amb. Michael Geier of Germany, and Amb. Kim Luotonen of Finland.

Addressing to the president and secretary general and other distinguished guests, as a key speaker Mr. Chin Dae-Je said, "I should emphasize the importance of my appearance today as an invited speaker on the topic of 'Korean Information & Communication Technology Industry for the Next Decade.'"

EUCCK President Frans Hampsink (back on the podium) speaks while Minister Chin Dae-Je (close to flags) and other guests are listening at the luncheon seminar held by EUCCK.

He said that Korea's development strategy to adopt new IT services ahead of competitors, commercialize them and preoccupy the IT service industry turned out successful.

"With a goal of developing a new virtues cycle, the Ministry of Information and Communication (MIC) of Korea drew up 'the IT839 Strategy," said the minister.

Under the strategy, new IT services will be introduced and promoted to encourage investment in network infrastructure, which will bring synergic effects with cutting-edge devices, equipment, software and contents.

"The MIC is committed to the implementation of the strategy to achieve 20,000 US Dollars Gross Domestic Product (GDP) per capita earlier than the original schedule," he said.

Minster of Information and Communication Chin Dae-Je delivers a speech in front of the guests during the luncheon seminar held by EUCCK in Seoul.
Minister Chin then mentioned the implementation plan of the IT839 Strategy. The strategy will offer different services like Wireless Broadband Portable Internet (WiBro), Digital Multimedia Broadcasting (DMB), Home Network, Telematics, Radio Frequency Identification (RFID), Wideband Code Division Multiple Access (W-CDMA), Terrestrial Digital TV, Internet Telephone etc.

In the network area it will support Broadband Convergence Network (BcN), Ubiquitous Sensor Network (USN), Next-generation Internet Protocol (IPv6).

In the field of new growth engines, IT 839 Strategy has a plan for Next-generation Mobile Communications Devices, Digital TV/Broadcasting Devices, Home Network Devices, IT SoC (System on Chip), Next-generation PC, Embedded Software (SW), Digital Contents & SW Solutions, Telematics Devices, and Intelligent Service robot.

Korea has an Ideal Test-bed Market for ICT. It produces 60,000 ICT experts annually. Large domestic market, world class ICT industry & infrastructures, over 22,000 companies in IT-related business, sharing the vision for globalization and economic growth, over five percent of GDP for national R&D spending, consumers in favor of innovative technology and products, and aggressive rollout plans of new telecom and broadcasting services are some key facts of Korean ICT Strength.

Minister Chin Dae-Je demonastrates the new IT839 strategy.

Korea has a unique geographical attraction. It has regional financial center and free economic zones for better investment especially in the field of ICT & Electronics, Automobiles, and Financial Services.

As a scholar from the different universities both from home and abroad, Mr. Chin pointed out some important steps taken by MIC, which will encourage the foreign companies to invest in this IT hub of Northeast Asia. "Your investments are more than welcome," said the minister.


Other Related Photos of EUCCK Seminar

Distinguished guests are listening to the minister's speech.

Minster Chin Dae-Je(standing) talks with the distinguished members of EUCCK during the luncheon seminar.

Minister Chin Dae-Je(standing center) delivers his speech.



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    Automakers' Rear-View Shows Hyundai Gaining
    Cell phones, Memory Chips, Plasma TVs
    Eships to Buy 5 Chemical Tankers
    China Looms as Next Leading Auto Exporter
    Korean Air to Order 20 Boeing 787 Dreamliners
    3 UAE Banks to Fund Samsung for Dubai Tower
    LG to Make Malaysia Key GSM Market
    Military in a Deal with Hitech Swiss Army ...
    Korean Air Plans US$10 Bil. Fleet over 10 ...
    Thai to Produce Bio-diesel up to 3 ...
    US Exports to UAE up 16 % in 2004
    S. Korea Approves Biggest Foreign Investment
    Fugitive Ex-chief of Daewoo Spotted in ...
    Power-GEN Middle East to Be Held Jan. 30, ...
    Chinese Economy to Land Softly in 2005-2006
    Matsushita, LG Close to Settling Patent Row
    Oil Prices Surge to New Records
    Study on Potential Risks of Cell Phones on ...
    LG May Make Malaysia Regional Hub
    Three-Way Race in Auction for Jinro
    LG Telecom Faces 3 G Punishment
    Samsung Boss Rents 3 French Alps Ski Slopes
    "GASTECH2006" Slated for Dec. 4-7 2006 in UAE
    UAE, Aussie Ink MOU for Copper Plant
    US Trade Deficit Hits $58.27 Bil. in January
    SK Chairman Defeats Sovereign Bid to Oust Him
    MOCIE Provides Flexible Business Zone
    Malaysia, UAE Firms Signs for Mobile Services
    Dubai Ports to Invest $312.5 mil. in Busan ...
    LG, Nortel Successfully Test New Mobile ...
    Hyundai to Build 8 Containers for UASC
    More Business Mobility Can Be Possible
    Sovereign Hints at LG's Managerial ...
    S. Korean Consumers Spending Again
    Samsung Develops New DMB Notebooks
    IT Export Surges to Record High of $6.2 Bil.
    4 EU Countries to Join "Environment 2005"
    Cairo to Cooperate More with Seoul for Oil, ...
    S. Korea, Israel Sign R&D Accord
    Automakers Shift Export from US to Europe
    South Korea's NHN Launches New Search Tool
    KITA Head Kim Hosts New Year's Event
    President Hampsink at Helm of EUCCK
    KCS's Initiative for "World's Best Customs"
    Rising Won Takes a Toll on Korea's Export
    Stock Mart Remains Stable Despite Weak Dollar
    Central Bank to Intervene in Currency Market
    KNTO Selects 3 More Casinos for Foreigners
    US$ Falls to Below W1,100, Lowest Since 1997
    GEM, Hyundai Ink Contract for Five Tankers
    Samsung Hit by Low Screen Prices
    Riyadh Can Produce 11 Mil. bpd: Oil Minister
    First Acquisition by Deka Immobilien in Seoul
    OPEC Likely to Set New Price Band
    Algerian Minister Praises Korea CDMA Progress
    Sheikh Mohammed Visits Volkswagen's Factory
    South Korean Boss Sentenced to Prison
    NTS Reveals "2004 Tax Audit Policy ...
    New Tech Good for Both Humans and Animals
    New Zealand Nabs Global Biz Challenge Title
    Korean Air Expands Cargo Service in Europe
    Ewha Univ. to Hold Int'l Biz, Cultural Forum
    Int'l Students Flock to Seattle for Biz ...
    SsangYong Motor Co. Wins Int'l Stevie Award
    "Food Korea" Tempts Tastebuds
    JW-Marriott Hotel Shows Aphrodisiac Food
    Hotel Shilla Most Favored Hotel in Nation
    Marriott Launches Ramada in Jeju



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