Country: South Korea
Issuing authority: Cheong Wa Dae, Chief Spokesperson
Original publication: 19 October 2026
Editorial summary by State & Signal
President Lee Jae-myung met World Bank Group President Ajay Banga on 19 October to discuss sharing the benefits of artificial intelligence and reducing inequality, according to a presidential briefing. Banga was visiting Korea ahead of the Global AI and Digital Summit on 20 October.
Benefits and risks across countries
Lee called for stronger international coordination to address both the opportunities and adverse effects of AI. He emphasised narrowing gaps within countries and between them, and urged international financial institutions to support inclusive growth.
The presidential office said Banga welcomed Korea’s approach to AI for all and expressed interest in continued cooperation with the Korean government and businesses in AI and energy.
Jobs and future cooperation
The discussion also covered youth employment and potential uses of AI in infrastructure, agriculture, healthcare, tourism and manufacturing. Lee asked for attention to opportunities for qualified Korean professionals at the World Bank Group.
The release records the leaders’ discussion and priorities. It does not announce a new financing agreement, approved project or binding employment commitment.
Official source: Read the official publication.
State & Signal is an independent publication, unaffiliated with any government. This original editorial summary is not an official text. Government positions are attributed to the issuing authority. The original publication remains authoritative.
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