Embassy of the Republic of Korea in the United Kingdom of Great Britain and Northern Ireland and Permanent Mission to the International Maritime Organization

The Korean government announced the masterplan of the Korean New Deal at the Presentation of the Korean New Deal Initiative on July 14 (Tue). With the Green New Deal, the Digital New Deal is one of the two pillars of the Korean version of the New Deal.

Korea aims to lead digital transition with the Digital New Deal, investing 23.4 trillion KRW (government spending: 18.6 trillion KRW) from the second half of 2020 to 2022 and 58.2 trillion KRW (government spending: 44.8 trillion KRW) by 2025 to create 903,000 new jobs by 2025.

The details of the Digital New Deal are as follows:

The Digital New Deal is composed of 12 goals in four sectors.

① Promote the collection, sharing and use of data in sectors close to peoples’ everyday lives

Strengthen the entire data life cycle, from the collection, sharing and use of data to the distribution of data to the application of artificial intelligence (AI), by making government data open and encouraging the collection and use of sector-specific data, in addition to establishing a public-private data control center, to accelerate the transition into a data economy.