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Korea lost 11 top AI researchers a month over 13 years, World Bank says

A World Bank report says Korea saw one of the world’s biggest net outflows of elite AI talent, underscoring concerns over pay, research infrastructure and the pull of the United States.

2026.8.6

Korea’s AI ambitions face talent exodus (KOR)

A World Bank report shows South Korea is losing elite AI researchers even as it pours massive public and private investment into becoming a global AI power.

2026.8.6

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Korea’s AI ambitions face talent exodus

A World Bank report shows South Korea is losing elite AI researchers even as it pours massive public and private investment into becoming a global AI power.

2026.8.5

Kim Sang-bu [MINISTRY OF ECONOMY AND FINANCE]

World Bank VP Kim Sang-bu pledges to address digital divide

Kim Sang-bu, the newly appointed vice president for digital transformation at the World Bank, pledged Tuesday to address the digital divide between developed and developing nations, highlighting the role of digital technology in poverty reduction.

2024.8.6

Korea Minting, Security Printing & ID Card Operating officials hold a meeting with officials from the World Bank on digital identification systems in Seoul on March 27, 2024. [YONHAP]

Korea to share knowledge on digital ID systems with developing nations

Korea and the World Bank have agreed to enhance partnership on digital identification initiatives by sharing expertise and technologies related to Korea's advanced digital ID system with developing nations, the state-run minting agency said Thursday.

2024.4.4

Finance Minister Choi Sang-mok, right, shakes hands with President of the World Bank Ajay Banga ahead of their meeting in Seoul on Jan. 25. [YONHAP]

Pay women more to reverse birthrate decline, World Bank urges

Populations need to grow in Korea to ensure a sustainable future, and fair compensation to women is one of the solutions, the chief of the World Bank said Thursday, amid the country’s falling fertility rate.

2024.1.25

Yoon's ODA pledge

President Yoon Suk Yeol, left, shakes hands with World Bank chief Ajay Banga at Yongsan presidential office in central Seoul on Wednesday.

2024.1.24

Bank of Korea Gov. Rhee Chang-yong, center, speaks during a meeting with reporters in Marrakesh, Morocco, on Oct. 11, 2023. [JOINT PRESS CORPS]

BOK urges structural reforms to maintain 2 percent growth

Bank of Korea (BOK) Gov. Rhee Chang-yong stressed the need for Korea to maintain at least 2 percent growth in the long term through structural reform in the labor sector, and by utilizing female and immigrant workers amid the aging society.

2023.10.13

Containers stacked up at a port in Incheon on April 14. [NEWS1]

OECD downgrades Korea's growth forecast to 1.5 percent

The Organization for Economic Cooperation and Development (OECD) revised down Korea’s growth forecast to 1.5 percent for this year, citing high interest rates and the weak housing market.

2023.6.7

Finance Minister Choo Kyung-ho speaks to reporters in Washington on Thursday during his trip to attend the spring meetings of the World Bank and the IMF. [NEWS1]

Finance minister says inflation remains top priority for Korea

Inflation remains the top priority for Korea amid economic uncertainties that are expected to persist through the first half of the year, said Finance Minister Choo Kyung-ho Thursday.

2023.4.14