As technological breakthroughs rapidly shift the frontier between the work tasks performed by humans and those performed by machines and algorithms, global labour markets are undergoing major transformations. These transformations, if managed wisely, could lead to a new age of good work, good jobs and improved quality of life for all, but if managed poorly, pose the risk of widening skills gaps, greater inequality and broader polarization. ...
Industry 4.0 is a paradigm shift for the whole world. Major changes are happening with the merging of artificial intelligence, augmented reality, blockchain, vehicle automation, smart factories and more. With culture and infrastructure that quickly adapt to the most recent technological advances, Korea is at the center of all. With 154 accelerators and innovation centres (as of March 2019) as well as 143 co-working companies, Korea provides the best support and environment for startups just beginning their journey. Last year, 1,771 startups from 108 countries competed to be selected for the 2018 K-Startup Grand Challenge, a systematic startup program in Korea. 73 of them were selected to participate in a 3.5 month-long acceleration program and received initial funding and office space. The top 40 teams were then chosen in the Demo Day in December. The selected teams were given additional funds for 6 months which help them to successfully claim their place in Korea. The startups that participated in the K-Startup Grand Challenge were evaluated by specialists in each tech area and given a chance to network with them.