Republic of Korea Centre for the Fourth Industrial Revolution to Launch in 2024

Geneva, Switzerland, 28 June 2024 - The World Economic Forum and the Gyeonggi Provincial Government will establish a Centre for the Fourth Industrial Revolution in the Republic of Korea in October 2024 that will drive innovation, entrepreneurship and the potential of technological progress. The agreement was signed today in Gyeonggi Province, by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, and Kim Dong Yeon, Governor of Gyeonggi Province.

The Republic of Korea Centre for Technology and Innovation in Gyeonggi Province (C4IR Korea) will be hosted by the Gyeonggido Business and Science Accelerator and will serve as a hub for public-private collaboration, enhancing the region's capacity to harness the benefits of the Fourth Industrial Revolution. C4IR Korea aims to accelerate impact by focusing on the start-up and innovation ecosystem in various technology domains such as smart manufacturing and artificial intelligence, providing a forward-looking platform for stakeholders to develop and scale technological innovation.

"The establishment of a Centre for the Fourth Industrial Revolution Centre in Gyeonggi Province marks a significant new chapter in the long-standing partnership between the Forum and the Republic of Korea," said Klaus Schwab. "The upcoming Centre will help foster a robust and dynamic local start-up ecosystem and bolster economic growth and technological progress in the broader region."

"Innovation is key to overcoming the various challenges of today. The launch of the new Center in the Gyeonggi Province will act as a regional platform for global cooperation between the public and the private sectors through its active partnership with the World Economic Forum, exchanging knowledge and collaborating with the rest of the global community to foster innovation," said Kim Dong Yeon.

About the Centre for the Fourth Industrial Revolution

The Centre for the Fourth Industrial Revolution is a platform for multistakeholder collaboration, bringing together public and private sectors to maximize technological benefits to society while minimizing the risks. It explores exponential technologies and drives their responsible adoption and application, leveraging a global network of independent national and thematic centres.

The World Economic Forum launched the first Centre for the Fourth Industrial Revolution in San Francisco in 2017, shortly followed by centres in Japan and India. The network now includes centres in Austin (Centre for Trustworthy Technology), Azerbaijan, Detroit (US Centre for Advanced Manufacturing), Germany (Global Government Technology Centre), Israel, Kazakhstan, Malaysia, Qatar, Rwanda, Saudi Arabia, Saudi Arabia Centre for Space Futures, Serbia, Telangana (India), the United Arab Emirates, Ukraine (Global Government Technology Centre) and Viet Nam.

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