Monday, June 1, 2020

Seoul Unveils ‘Korean New Deal’ Recovery Plan

Korea Times

The government announced a plan to invest (Korea Times) 76 trillion won ($62 billion) over the next five years to aid the economy’s recovery from the coronavirus pandemic. The “Korean New Deal” will invest in digitization, clean energy, and improvements to the social safety net.

This might be a good deal, or it may be nothing. I am especially interested in digitization. This is described by Wikipedia as: 

Digitization is of crucial importance to data processing, storage and transmission because it "allows information of all kinds in all formats to be carried with the same efficiency and also intermingled".[4] Though analog data is typically more stable, digital data can more easily be shared and accessed and can, in theory, be propagated indefinitely, without generation loss, provided it is migrated to new, stable formats as needed. This is why it is a favored way of preserving information for many organizations around the world.

As always, the Devil is in the Details.

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