AI threatens millions of South Korean jobs, central bank says


A street cleaner walks past pedestrians on a pavement in Seoul. The people least likely to lose their jobs to the advancing AI technology were those in religious fields, food services and teaching, according to the study. — AFP

SEOUL: Nearly four million jobs in South Korea are at risk of being replaced by artificial intelligence technology over the next two decades, a central bank study released on Nov 16 said.

Rapidly advancing artificial intelligence (AI) technology has triggered global concern over everything from job losses and cyberattacks to humans losing control of the systems they have designed.

The new study by the Bank of Korea said some 3.9 million jobs in South Korea were at risk as AI adoption grows domestically, with doctors, lawyers, accountants, and chemists among the most threatened professions.

"High-income workers with high academic backgrounds face bigger exposure to AI and have a greater risk of being replaced," the study said.

These white-collar jobs were most threatened as AI can easily carry out their analytic and cognitive tasks, it added.

The people least likely to lose their jobs to the advancing technology were those in religious fields, food services and teaching, according to the study.

The Bank of Korea report noted that while AI technology is a threat to existing jobs, it also creates new employment opportunities, including for engineers who develop and maintain AI systems, as well as at AI-related startups.

But since the new positions are "concentrated" in one specific field, "some workers may experience difficulties in the job transition process prompted by the introduction of AI", it added. – AFP

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Bitcoin falls 4% to $99,237
Texas enacts robotaxi rules on the eve of Tesla's Austin rollout
Opinion: More questions about the end of Windows 10 and third-party patching
'Dopamine detox': Why it pays to put your phone away
Phone users being bombarded by scamming 'onslaught,' survey finds
Kung Fu’s kinetic action meets the beautiful game
Pope Leo urges politicians to respond to challenges posed by AI
Apple executives held internal talks about buying Perplexity, Bloomberg News reports
Europeans seek 'digital sovereignty' as US tech firms embrace Trump
‘Information is speed’: Nascar teams use AI to find winning edges

Others Also Read