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Korea Ranks First Among OECD Member Countries in Adoption of AI, Big Data Analytics, and IoT

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- OECD Digital Economy Outlook 2024 Volume 1 published

- Korea is the leading country in adopting new technologies such as AI, Big Data Analytics, and IoT


The Ministry of Science and ICT (Minister Lee Jong Ho, hereinafter referred to as ‘MSIT’) announced that Korea has received high marks for its adoption rate of new digital technologies in the 'Digital Economy Outlook (DEO)* 2024 Volume 1' report published by the Organization for Economic Cooperation and Development (OECD) on May 14 (local time in Paris).

* The report, led by the OECD Digital Policy Committee (DPC), analyzes global trends in the digital sector based on statistical data and survey responses from member countries and provides key statistics and policy insights. Starting from 2024, the report will be published semiannually. 

Korean companies have shown outstanding performance in adopting digital technologies compared to other OECD member countries. Korea ranked first in IoT (53%), Big Data Analytics (40%), and AI technology (28%) adoption rates and fifth in cloud computing adoption (70%). This highlights Korea as a nation that rapidly implements new digital technologies across various industries.

Rankings of Korea in Digital Technology Adoption Rates among OECD Countries
Target: Companies with 10 or more employees (as of 2022)
  • AI Adoption Rate: 1st (approx. 28%) out of 37 countries (OECD average: 8%)
  • IoT Adoption Rate: 1st (approx. 53%) out of 35 countries (OECD average: 27%)
  • Big Data Analytics Adoption Rate: 1st (approx. 40%) out of 36 countries (OECD average: 14%)
  • Cloud Computing Adoption Rate: 5th (approx. 70%) out of 37 countries (OECD average: 49%)

The report also notes that from 2011 to 2022, the ICT sector's economy in OECD member countries grew at an average rate of 5.3%, which is 2.5 times faster than the overall economy. OECD member countries recognize the importance of new technologies such as AI and the Metaverse and are making nationwide efforts to promote them.

Additionally, measures to minimize the risks associated with new technologies are being implemented. Policy examples include the United States' National AI Initiative Act of 2020, Europe's Horizon Europe (R&D program), and the G7 Hiroshima Process on Generative AI. Notably, major policies promoted by the current Korean government in new digital technology fields were highlighted, such as the ‘Artificial Intelligence Regional Expansion Project,' 'K-Cloud Project,' 'Pan-Governmental Strategy on Metaverse,' and 'Ethical Principles for Metaverse’.

Minister of Science and ICT Lee Jong Ho stated, "We will utilize the insights from the OECD Digital Economy Outlook report to understand policy trends in OECD countries, identify the strengths and weaknesses of Korea's digital sector, and create tangible benefits for the Korean public, solidifying our position as a leading digital nation.”

For further information, please contact the Public Relations Division (Phone: +82-44-202-4034, E-mail: msitmedia@korea.kr) of the Ministry of Science and ICT. 

Please refer to the attached PDF.


 


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