Maekyung-hosted Global Forum opens in Silicon Valley for wakeup call for Korean Inc

2017.07.06 17:29:30 | 2017.07.07 17:05:10
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Maekyung Media Group Chairman Chang Dae-whan makes a welcome speech at the Korean Night event a day before the Maekyung Silicon Valley Forum starting Jul 5 (local time) at Four Seasons Hotel, Palo Alto, CA, US. [Photo by Kim Jae-hoon]

Maekyung Media Group Chairman Chang Dae-whan makes a welcome speech at the Korean Night event a day before the Maekyung Silicon Valley Forum starting Jul 5 (local time) at Four Seasons Hotel, Palo Alto, CA, US. [Photo by Kim Jae-hoon]

The South Korean system as much as the Korean Inc. must undergo seismic changes to embrace the coming age of digitalization and automation from the fourth industrial revolution, entrepreneurs based in Silicon Valley, California, advised.

Over 200 crowded the first day of the 24th Global Forum hosted by Maekyung Media Group in the U.S. innovation hotbed under the theme of “Korea’s Future and Silicon Valley.”

The members in the Silicon Valley are fiercely trying to become next Google in the innovation race, and if Korean companies do not join now, they would never be able to catch up, said Ahn Ikk-jin, co-founder and chief executive of Moloco Inc. providing cloud service for mobile advertisers.

A panel discussion is held under the theme of “Korea’s Future and Silicon Valley” at Korean Night a day before the Maekyung Silicon Valley Forum starting Jul 5 (local time). From left to right, Memebox CEO Ha Hyung-seok, Michael Yang Capital Management CEO Michael Yang, Draper Athena Managing Director Perry Ha. [Photo by Kim Jae-hoon]

A panel discussion is held under the theme of “Korea’s Future and Silicon Valley” at Korean Night a day before the Maekyung Silicon Valley Forum starting Jul 5 (local time). From left to right, Memebox CEO Ha Hyung-seok, Michael Yang Capital Management CEO Michael Yang, Draper Athena Managing Director Perry Ha. [Photo by Kim Jae-hoon]

Michael Yang of Michael Yang Capital Management LLC advised Korea to first overhaul its rigid and creativity-killing education system upon witnessing poor adaptability of Korean enterprises in the Silicon Valley.

Maekyung Media Group Chairman Chang Dae-whan in the opening speech urged the new Korean government to pay utmost attention in promoting the country’s engagement in the fourth industrial revolution as the country’s future lies in its success in riding the new industrial wave.

By Lee Seung-hoon

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]

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