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Gwangju is devoting all it’s energy to secure next year’s national expenditure

광주시, 핵심현안 '내년 국비확보' 총력전 나서

                                                                   

The City of Gwangju is devoting all it’s might to secure next year’s national expenditure. The effort is to fuel the budget on the major industries that Industrial Revolution 4.0 brings including the AI industry (Artificial Intelligence) that Gwangju has been fostering. Yesterday, the City invited members of the National Assembly to a budget advisory meeting where officials explained new major businesses and policies that are expected to create jobs and improve the local economy. They called for the nation’s support to secure the national budget.

 

Mayor Lee Yong Sup called for the cooperation from political parties to secure a bigger amount of budget for the AI industry. He also mentioned the worries that have been concerning the AI cluster in Gwangju. He said “Some argue that creating the AI cluster in the City will harm the development of the AI industry in other parts of Korea. However, this argument is based on the wrong understanding of the industry.” He said that the core of the AI industry is the positive external effect from the creation of the cluster which consists of AI labs, Big Data centers and super computers. He promised that the creation of the AI cluster in Gwangju will show a spillover effect on the entire nation. 
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