According to Yonhap News,

On January 30th, the Korea Trade-Investment Promotion Agency (KOTRA) announced that it has published a report titled "The Rise of the AI Market: A New Chapter of Export Opportunities," which analyzes the current state of the rapidly growing global artificial intelligence (AI) market and presents export opportunities for South Korean companies.

The report forecasts that the global AI market will grow at a high annual rate of 20-30%, reaching over USD 1 trillion by 2030.

Key promising sectors in the AI market identified include data center equipment, industrial robots, and AI medical systems.

South Korea is uated as one of the top global leaders in AI technology, ranking sixth after the United States, China, Singapore, and the United Kingdom, due to its strengths in business environment and government policies.

Lee Ji-hyung, Director of KOTRA's Economic Cooperation Division, stated, "South Korean companies already possess world-class competitiveness in hardware sectors like semiconductors and batteries, so the potential for success in the AI market is very high. We will actively support businesses by providing tailored overseas expansion strategies to help them take a new leap forward."



Source Text

Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.

Source: Yonhap News (January 30, 2024)

** This article was translated from Korean.