Thailand’s drive for economic recovery post-COVID-19 and digitalization is part of government efforts under the Thailand 4.0 policy, which focuses on sustainability and growth, particularly in the industrial sector. The ROK emerged as a model for economies pursuing digital transformation, with its proven track record of implementing industrial and innovation policies, in addition to being ranked sixth in the Global Innovation Index in 2022.

Thai delegates led by APO Director for Thailand, Dr. Nattapol Rangsitpol (7th L) visiting APO Director for ROK, Wangi Ahn (6th R), at the KPC, Seoul.

An individual-country observational study mission (IOSM) on Industrial Policies and Practices: Advancing the Industrial Economy in the Digital Age was hosted by the Korea Productivity Center (KPC) in Seoul, 17–19 July. A delegation of 10 members from Thailand, led by Dr. Nattapol Rangsitpol, Permanent Secretary of the Ministry of Industry of Thailand (MIND) and APO Director, participated in the mission to explore digital technologies, innovation, and sustainability in industrial growth.

Delegates engaged in presentations and demonstrations during local site visits.

Two local resource persons shared insights on the best practices of the ROK’s digital transformation and innovation policies, innovation start-up ecosystems, and the influential K-culture. In addition, delegates engaged in dialogues with leaders of the Ministry of Trade, Industry and Energy (MOTIE) and KPC on digitalization, innovation, and potential areas for collaboration between the two nations. The team also toured local corporations, such as SK Telecom T.um, Safeware Inc., Pangyo Techno Valley, Incheon Free Economic Zone Smart City, and LG Science Park., to observe 5G-based technologies and innovative solutions in the industrial, manufacturing, and urban development sectors.

This significant collaboration between the ROK and Thailand highlights a global trend toward digitalization and innovation, crucial for post-COVID-19 economic recovery and sustainable growth. A video of this IOSM was produced by the KPC; watch it here.