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S. Korea trails behind U.S., China in terms of AI: McKinsey

All Headlines 09:41 September 05, 2018

SEOUL, Aug. 5 (Yonhap) -- Business researcher McKinsey Global Institute said Wednesday that South Korea has "strong comparative strength" in terms of readiness for artificial intelligence (AI) technologies, although it still trails behind the United States and China.

According to the report released by McKinsey, South Korea was considered second-tier in terms of preparations for AI technologies, along with Canada, France and Sweden. The study was conducted on 41 countries. The U.S. and China, on the other hand, were grouped as "active global leaders."

"These two countries are currently leading the race to supply AI, and they have unique strengths that set them apart from all others," the report said.

"Together, they are responsible for the vast majority of AI-related research activities. They are a long way ahead of other countries on AI-related patents, publications and citations," it added.

McKinsey also highlighted that the U.S. and China accounted for 66 percent and 17 percent of the external investment in the segment for 2016, with China making strides to expand its presence.

The research institute added that the gap among countries in terms of AI development may widen down the road.

"According to our simulation, economies with higher readiness to benefit from AI may achieve absorption levels about 11 percentage points higher than those of slow adopters by 2023, and this gap looks set to widen to about 23 percentage points by 2030," it said.

"This indicates that like the digital divide, an AI divide may emerge between advanced and developing economies," it added.

In terms of the employment market, McKinsey said the portion of jobs that call for low digital skills may fall to 30 percent in 2030 from the current 40 percent following the development of AI technologies. In contrast, those jobs that require higher skills may increase to 50 percent from 40 percent.

S. Korea trails behind U.S., China in terms of AI: McKinsey - 1


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