WeGO brings focus to PPPs for smart cities at Seoul forum

WeGO brings focus to PPPs for smart cities at Seoul forum 570 380 WeGO


WeGO brings focus to PPPs for smart cities at Seoul forum

November 13, 2018

SEOUL – WeGO took part in a forum today focused on public-private partnerships, annually arranged by the Seoul Metropolitan Government.

The 2018 Public-Private Partnership Forum was in its tenth run since the city launched the series. This year is the first that centers around the theme of smart cities.

After a presentation on WeGO by the organization’s new Program Director, WeGO Secretary General Kyong-yul Lee moderated a panel discussion on the export of smart city policies. The dialogue involved representatives of the Korea Trade-Investment Promotion Agency (KOTRA), Korea Small & Medium IT Business Export Cooperative (KOSMIC) and Seoul Urban Solutions Agency (SUSA).

The panelists discussed how to properly define a “smart city” and exchanged opinions on how best to approach the support of both cities and the corporate interests of SMEs in a range of situations. Secretary General Lee emphasized the projection that the market for smart cities will increase to USD 3 trillion by 2025, along with the expectation that 7 billion people will live in 20,000 cities by 2050. Discussions will therefore need to look at the question of smart cities with a much broader approach, he remarked.

The event further served as a forum for several cities—including WeGO members Hong Kong and Jakarta—to present their own cases of best practice, in addition to public and private sector representatives from Korea.