but is Korea ready for the rapid technological transformation?

To find out, we spoke exclusively to Seoul's Minister of Science, ICT, and Future Planning,

Choi Yang-hee. Our Lee Minyoung with the details.

'Fourth Industrial Revolution' is now a word on everybody's lips... which can be described

as a confluence of artificial intelligence, robotics, the internet of things, autonomous

vehicles among other things. The word is not only pervasive but also changing

and impacting our lives faster than any of us had imagined.

And Korea as well is already a part of that change.

In an exclusive interview with Arirang Newscenter, Seoul's Science and ICT minister Choi Yang-hee

said Korea's future is bright as structural changes in the industrial landscape is picking

up steam.

"With the right strategy to boost entrepreneurial spirit and spur investment, I have no doubt

that Korea can take a big leap forward and become a global leader in the 4th industrial

revolution."

His one-on-one with Arirang's Moon Connyoung was shot in 360 degrees VR technology... which

Korea's top policymaker in future technologies says he personally enjoys, himself.

On the evergrowing VR industry, Choi noted that Korean tech giants like Samsung and LG

have been taking the world's centerstage... and that the government together with the

private sector will invest roughly 156 million U.S. dollars in the next three years.

He also touched upon regulatory as well as ethical issues surrounding the technological

revolution... emphasizing that social consensus is key in establishing new regulations and

redefining moral boundaries.

"We've been carrying out active discussions to make sure it is empowering and human-centered."

The Ministry of Science, ICT and Future Planning will unveil a grand master plan comprising

long-term strategies envisioning the future of Korea before the end of this year.

Lee Minyoung, Arirang News.

You can find Moon Connyoung's exclusive interview with Minister Choi Yang-hee in its entirety

on Thursday's edition of Arirang Newscenter on the VOD section of our website arirang.com-forwardslash-news

or on our official Arirang News YouTube site.