The Korea Data Industry Promotion Agency (President Yang Jae-soo, hereinafter referred to as K-DATA) and the Freeport Area of BATTAN (hereinafter referred to as FAB) in the Philippines held a business cooperation meeting to promote the data industry.
The meeting was held as part of the Philippine economic delegation's visit to Korea ('25.4. 7~11, approximately 20 people) and was held on the morning of the 10th in the 8th floor 1 conference room of K-DATA. At the meeting, opinions were exchanged on domestic data industry policies and data utilization plans across all industrial sectors.
FAB showed interest in ways to improve transparency in financial transactions, such as safe data management and utilization methods and domestic application of new AI and data technologies. Accordingly, in addition to introducing AI and data businesses that K-DATA is focusing on, a field tour of the 'Data Safety Zone' where highly utilized public and private undisclosed data can be safely analyzed and utilized was conducted.
FAB Director said during his visit to K-DATA, “I realized that data is the foundation of AI and digital industries, and that data production, distribution, and utilization capabilities are key measures of national technological prowess and industrial growth,” adding, “Let’s discuss signing an MOU and business linkages between the two organizations in the future.”
The K-DATA president added, “If we can work with K-DATA to effectively utilize data and AI across various industries, including finance, disaster safety, and healthcare, in the Philippines, we will be able to play a leading role in driving the country’s digital economy and improve the lives of its citizens based on data.”
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