|KPC CEO Hong Soon-jick|
Korea Productivity Center (KPC) CEO Hong Soon-jick is attending a three-day general board meeting of the Asian Productivity Organization (APO) in Iran starting Monday, the KPC said.
The Tokyo-based APO, established in 1961 as a regional intergovernmental organization, is aimed at promoting socioeconomic development among its 20 members and the board meeting is the supreme body of the APO.
Korea is one of the eight founding countries alongside China, Japan, Nepal, Pakistan, the Philippines, Thailand, and India.
This year, 50 representatives from 19 member countries, together with an observer from the Pan-African Productivity Association, are attending the meeting whose key agenda will include the annual report of the secretary-general, approval of the APO preliminary budget for 2018 and other plans for stable productivity in Asia.
“Hong plans to stress at the meeting that Korea’s productivity is currently being constrained by sluggish accumulation of capital for investments in research and development (R&D) and intangible assets, weakening labor efficiency by population aging and diminishing industrial structure competitiveness,” a KPC official said.
In order to address such problems, Hong will also propose measures like expanding investments in R&D and facilities as well as developing competitive human resources, nurturing high value-added service industry and easing regulations.
On the verge of the Fourth Industrial Revolution, Hong will also stress the need for the APO to expand projects to make preemptive preparations for the global trend.
The KPC, established in 1957, has helped the nation emerge as one of the leading global economies with diversified approaches, including research on productivities such as total factor productivity and labor productivity, training, consulting, release of index surveys, and qualification certification.
Moreover, the organization has helped improving productivities of foreign countries by delivering its expertise and know-how about bettering productivity in the Asia-Pacific region.