New Business Path
In the wake of the COVID-19 pandemic, corporate management activities are rapidly being reorganized, centered by the keyword “digital.” The trend that has steadily continued for many years is accelerating further due to the pandemic. Companies are experiencing unprecedented changes from flexible working locations to revenue structure and consumption pattern shifts. Some say that the era of "Pax Technica" has arrived as tech companies, armed with new technologies continue to advance, and competition to secure semiconductors intensifies. Meanwhile, the antipathy to technology, referred to as "Techlash," is also emerging.
Traditional industries are also undergoing a major paradigm shift. Industries heavily affected by the pandemic, such as shipbuilding, shipping, and aviation, are taking another leap forward. The wave of change is stronger than ever. This track will seek management methods that can lead us to overcome this turbulence and present a blueprint for what future technologies will bring us.
In the global financial market, 2021 was a year that drew an unprecedented rising curve based on abundant liquidity. The enormous scale of fiscal and monetary policies carried out in response to COVID-19 was the basis. However, critics express concerns over the excess liquidity which can possibly generate inflation, while inflation is becoming a reality with increase in prices of grain and raw materials. This being the case, the direction of the base rate that the central bank will decide on is more crucial than ever. The U.S. Federal Reserve’s intervention is signaling the re-absorption of the released liquidity. Such movements are predicated to be one of the most important variables for the 2022 global economy.
Crypto assets such as Bitcoin are gaining stronger presence than ever but people’s views on them as investment assets are mixed. It is important to predict future variables to find opportunities for investment. In this track, we explore the route towards wealth creation.
Global Power Dynamics
The U.S.-China relations are getting worse and have not reset under the U.S. President Joe Biden. The dispute is ongoing between the U.S.-led Western world and China. The polarization between the two sides is expanding beyond diplomacy and security to economic and trade sectors. In particular, the semiconductor and battery industries centered around "economic alliances" are expected to serve as a major issue for global geopolitical trends.
The fact that the Tokyo Summer Olympics 2021 (July, 2021) and the Beijing Winter Olympics 2022 (February, 2022) are scheduled to be held only seven months apart may also operate as a variable in international relations. South Korea, with its upcoming presidential election in 2022, is standing at a critical point in terms of its relations with neighboring powers such as the United States, China, Japan and Russia. At a time of turbulence in international political dynamics, we explore the geopolitical issues and discuss the possible countermeasures that should be taken.
Race to Net-Zero
The global community is actively strengthening its response to climate change. The move towards "climate recovery" will be fully demonstrated at the 26th UN Climate Change Conference of the Parties (COP26) scheduled to be held in November, 2021.
Although carbon dioxide emissions have decreased by about 7% in 2020 due to COVID-19, the atmospheric carbon dioxide concentration has been on a steady rise. It is time for the international community to make political, economic, and social responses.
Countries around the world are participating in international cooperation for net-zero by proposing Nationally Determined Contributions (NDC). Some say that the development of carbon reduction technologies and investment in these technologies can determine the future of climate recovery. However, others view that the success of international cooperation for climate recovery depends on the interests of countries in different developmental stages. The operating principles of Carbonomics and equations for global cooperation will be explored in this track.
Infinite opportunities exist in space. Billionaires, such as Elon Musk and Jeff Bezos, and governments around the world are competitively investing in space exploration to seize such opportunities. Various Plans including Artemis Plan, a space mission that NASA is carrying out to explore the lunar surface that will take place after its Mars Exploration Program, will become a turning point for space exploration. Along with multiple Rover's exploration of Mars (including the Perseverance), the dream of mankind toward Mars is expected to become a reality in the near future.
South Korea is getting ready to jump into the race in space exploration with its plan to launch locally-developed space rocket Nuri in October 2021 and Korea Pathfinder Lunar Orbiter (KPLO) in 2022. Will these billionaires succeed in the investments they made in space missions? Will Mars become a new home for mankind? This track predicts the future of the universe and mankind.
Hello, New World!
The 21st century will be divided into a world before and after COVID-19. Our society has undergone countless changes followed by the pandemic. The pandemic has been pervasive in all areas of our daily lives, including the way we work, educate our children, make purchases, and experience culture. We have witnessed the speed of change grow exponentially after the pandemic.
The limitations of capitalism were exposed in the course of COVID-19 vaccine supply. It is clear that the increasing social inequality will become an underlying social threat amid the widening wealth gap. We stand at a point where we must redesign the future with a new world order. Now that we are in a new world after the COVID-19 pandemic, this track searches for possible directions on how we should cope with the future.