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Carl Bildt: It’s Imperative to Rebuild Effective Multilateral Institutions in COVID-19 Era
Former Swedish Prime Minister Carl Bildt diagnosed that multilateral institutions were under attack already before the current tensions between the U.S. and China. Bidlt, who is now co-chair of European Council on Foreign Relations (ECFR), stressed in an interview with the media team of the World Knowledge Forum that it is imperative to rebuild the effective multilateral institutions in the era of COVID-19. Bildt joined the WKF from 2014 to 2017, four years in a row and shared his insights as former foreign minister and prime minister of the Scandinavian nation. Here are questions and answers. Q: What impact did coronavirus give on the global governance? How should the global governance be reorganized to properly react to coronavirus?A: Number of our multilateral Institutions were under attack already before this crisis as we saw tensions building up primarily between the US and China, and sometimes a US policy actively questioning them.Now it should be imperative to go back to trying to rebuild effective multilateral institutions in key areas, notably global health, but whether this will be possible remains to be seen. US policy after the November election will be most important, but also the attitude of China. The EU is certain to make a determined effort. Q: How will the world be different after coronavirus in terms of international relations? A: We will in all probability be struggling with the economic consequences for a considerable time, and how different countries and regions manage to come back will be very important. Will China be able to quickly go back to the growth rates they have been aiming at? Will Europe be able to deal in a constructive way with all the debt now piling up? And the same applies to the massive debt and deficits in the US economy? The answer to these questions will have a huge impact on the world that we will see a decade from now. Q: How do you evaluate each government's measures to coronavirus? What about the US, Europe and Asia?A: So far it seems as if parts of East Asia - notably South Korea and Taiwan - have been doing better than practically everyone else.And we need to learn from that experience. The US performance has hardly been impressive, and we will see how the difference plays out between different European countries. So far, to mention just that, Germany seems to have done better than the United Kingdom. Q: Sweden chose a different strategy for coronavirus,called 'herd immunity'. How do you find its effect compared with other countries' measure which is social distancing?A: The jury is still out on the somewhat different line the Swedish authorities took. But if we compare ourselves to our Nordic neighbours in terms of what is most easy to measure - the number of people that have died in relation to the total population - we have so far regrettably been doing substantially worse. Q: How much the global economy will be affected by coronavirus? Will it be worse than Great Depression or 2008 global financial crisis?A: Everything points at the immediate effect being worse than the Global Financial Crisis, but then much depends on the shape of the recovery thereafter and whether there are any "second waves” either of coronavirus or possibly financial crisis. I see that the IMF believes that the global economy will be back in growth in 2021, and I guess so as well, but I fear we will be living with the also economic consequences for a number of years. WKF Media Team
2020.06.02
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ASEAN-Korea Centre: COVID-19 Is New Opportunity to Strengthen Cooperation
The chief of an international organization for ASEAN-Korea relations based in Seoul said that COVID-19 opened an opportunity to strengthen cooperation in the new fields such as public health.Lee Hyuk, Secretary General of the ASEAN-Korea Centre, said in a recent interview with the media team of the World Knowledge Forum, “Expansion of cooperation into new areas in the post-COVID-19 period looks promising.”“In view of Korea’s success in the public health sector, there may be more chances for cooperation in this area,” he said. “Right now, the pandemic may be affecting ASEAN-Korea relations negatively. But I am more positive than ever about the bright future of our cooperation and partnership.”In fact, Korea has been working with ASEAN countries to combat the pandemic. The Korean government provided testing kits and protective gear to affected communities in ASEAN.Lee also said that ASEAN and Korea should work together to expand trade and investment in preparation for the post-COVID-19 era. He stressed that both sides should be creative and flexible to minimize the present losses and maximize the future gains in our partnership. As of early June, 2020, there are more than 80,000 confirmed cases and 2,500 deaths in ASEAN according to him. ASEAN was also hit hard with few foreign tourists and change in the global supply chain.WKF Media Team
2020.06.02
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World Knowledge Forum Shares 300 Videos of Influential Speakers on YouTube
World Knowledge Forum (WKF) has uploaded more than 300 videos on its official YouTube channel, opening up some of its most insightful talks from world-renowned speakers.Launched in 2000, WKF is Asia’s largest annual business forum hosted by South Korea’s Maeil Business Newspaper. It has been regularly uploading videos of its previous conferences, with sessions by prominent speakers now making up 200 of its 300 videos.One video that has been gaining traction amid the COVID-19 pandemic is a talk titled “2020 Economic Crisis Forecast” presented by Nouriel Roubini, professor of economics at New York University, at last year’s conference. The video hit 41,000 views as of Monday, with the view count surging 20,000 over the past two months.The most-watched video is the opening session of the 20th WKF held in 2019, with 160,000 views. The session was pack full of inspiring talks from some of the biggest up-and-coming entrepreneurs in the world, including Hadi Partovi, chief executive of Code.org, a U.S. non-profit to promote computing programming education; Niklas Östberg, co-founder and CEO of the online food delivery giant Delivery Hero; and Vitalik Buterin, co-founder of the blockchain platform Ethereum. Another highlight of the event was a special talk between YouTube co-founder Steve Chen and the 73-year-old Korean YouTube influencer Park Mak-rye.The second-most watched video is a 2018 talk by Seo Jung-jin, chief executive of the Korean biopharma giant Celltrion. It topped 110,000 views, making it the most popular video for an individual session.By Yoon Won-sup and Kim Hyo-jin
2020.05.12
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Korean startups invited to compete at UN-led eXtreme Tech Challenge-Maekyung
Fleur Pellerin, left, Founder and CEO of Korelya Capital, and Kim Hyoungmin, Founder and CEO of H LAB, hold a sign board that certifies Kim won a ticket to a final round of XTC in the ASEAN Scale-Up Session, held at the 20th World Knowledge Forum at Shill Hotel in Seoul on Sep. 27, 2019. Maekyung Media Group announced Tuesday that it joined hands with a non-profit group ‘XTC’ to encourage applications of startups at home and abroad for ‘eXtreme Tech Challenge (XTC)’, the world largest startup competition for entrepreneurs tackling 17 U.N. Sustainable Development Goals (SDGs).Any startups that can help address U.N. SDGs such as energy, food, climate change can apply for XTC. The deadline is due March 31, 2020.Top 30+ startups will be invited to Paris to participate in a finals round bootcamp. Finals bootcamp will provide world-class mentorship and training as well as connect startups with leading corporations and venture capitalists.In June, top 10 startups can pitch on stage at VivaTech, the largest startup forum in Europe, Paris to an audience of thousands. Three out of 10 startups will be the announced at VivaTech on June 11~13, 2020. They will have opportunities to raise $10 million, have startup gurus’ mentorship and global exposure. The XTC was originally launched in 2014. It was upgraded into the version 2.0 with a focus on SDGs last year. Maekyung Media Group joined the competition XTC as a founding sponsor. Maekyung Media Group is the only media among the founding partners such as Samsung Electronics, CISCO, ARM, Cadence, Zoom, Silicon Valley Bank and University of California.Maekyung Media Group signed the partnership with XTC because it shared the philosophy that technology must be developed and used for common prosperity of humans. The philosophy is consistent with ‘Knowledge Revolution 5.0’, the topic of the 20th World Knowledge Forum, hosted by Maekyung Media Group, in Seoul on Sep. 16~18, 2019. Knowledge Revolution 5.0 stressed so-called inclusive technology for all humans in order to prevent side effects such as tech cold war that can arise from the advancement of technology led by the 4th Industrial Revolution.Application is available online: https://www.f6s.com/extremetechchallenge2020/applyMore information about XTC can be found at https://extremetechchallenge.org/. By Yoon Won-sup
2020.02.13
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Maekyung Media Group chosen as exclusive Korean media partner for VivaTech 2020
French President Emmanuel Macron, left, talks with other speakers at VivaTech in May, 2019. (Source=VivaTech) South Korea’s largest business news organization Maekyung Media Group will cover VivaTech, the largest startup forum in Europe with over 120,000 participants, exclusively from Asia.Maekyung Media Group announced Tuesday that it signed a contract with VivaTech to become the sole media partner from South Korea at the VivaTech 2020 taking place in Paris, France on June 11~13, 2020.VivaTech has media partners, mostly from Europe and the U.S. including New York Times, Financial Times, CNN, CNBC, Bloomberg, and LE TEMP. It is the first case that an Asian media makes a VivaTech’s media partner. VivaTech, which was launched by Les Echos and Publicis Groupe in 2016, developed into Europe’s largest startup festival. French President Emmanuel Macron has shown up every year since he took office in 2017. Last year, VivaTech attracted over 120,000 participants including 13,000 startup people and 3,300 investors. Main speakers to VivaTech included Jack Ma, Founder of Alibaba; Satya Nadella, CEO of Microsoft; Ginni Rometty, CEO of IBM; Dara Khosrowshahi, CEO of Uber: and so on.VivaTech also offers a variety of networking opportunities for startups and investors so that they can match for businesses.By Yoon Won-sup (Staff Reporter)
2020.02.13
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