[Asia Economy Reporter Oh Su-yeon] The Ministry of Science and ICT announced on the 6th that it held a kickoff meeting for the 'Digital Platform Self-Regulation Data·AI Subcommittee·ESG (tentative name) Subcommittee' at the Federation of Korean Industries building in Yeouido, Seoul.
This meeting was held to conduct detailed discussions on platform self-regulation by sector following the launch ceremony of the private platform self-regulatory organization on the 19th of last month. Major platform operators and related associations participated from the private sector, including Naver, Kakao, Google, Meta, Coupang, Woowa Brothers, Internet Enterprise Association, Online Shopping Association, Korea Startup Forum, Gmarket, Danggeun Market, Healing Paper (Gangnam Unnie), Musinsa, Korea Sharing Economy Association, and Korea Credit Data. Additionally, academic experts, specialized institutions (K-DATA, KISA, NIA, NIPA), and relevant government ministries participated to discuss subcommittee operation plans and discussion topics.
The meeting was divided by subcommittee, with Part 1 covering the Data·AI subcommittee and Part 2 covering the ESG subcommittee in sequence.
Participants in Part 1 reached a consensus that data and artificial intelligence (AI) are increasingly utilized in various services of platform operators, and since these are core technologies for securing market competitiveness, the social importance and significance of discussions are growing.
Going forward, platform operators will take the lead in establishing specific measures for introducing self-regulation in areas such as transparency and reliability in data·AI fields and personal information protection, while academia, specialized institutions, and related government ministries agreed to support these efforts.
In Part 2, key agenda items included value creation based on platform innovation such as digital inclusion and support for ventures and small businesses. In particular, there was consensus that it is important for platform companies to strive to share innovation throughout society in platform self-regulation.
The discussion covered ways to promote innovative social value creation utilizing the characteristics of digital platforms such as data, networks, and digital technologies. They also shared innovation cases based on digital platforms so far and agreed to continue discussions within the subcommittee to foster a culture of innovation sharing based on platforms in the future. Furthermore, the ESG subcommittee decided to discuss changing its name at the subcommittee level to intuitively reflect the value of innovation sharing.
Hong Jin-bae, Director of the Network Policy Office at the Ministry of Science and ICT, said, "I hope each subcommittee will serve as a forum where the wisdom of various stakeholders gathers," and added, "The government will also actively support the derivation of effective self-regulation measures and the creation of a healthy platform ecosystem."
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