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This seminar examines Korea’s current growth challenges in the context of rapid demographic change, including declining fertility and population aging, alongside slowing productivity and the limits of export-led growth. It discusses the economic roles of artificial intelligence and human capital, offering a brief assessment of Korea’s current capabilities in both areas. The central argument is that demographic decline does not mechanically determine long-run growth trajectories. Instead, Korea’s future performance will depend on how effectively AI adoption, human capital investment, and industrial transformation are combined into a coherent growth strategy. AI alone will not raise productivity without complementary skills, and technological progress must be linked to sectoral upgrading through appropriate policies. Speaker Jong-Wha LEE (Distinguished Professor Emeritus, Economics Department, Korea University) -Material: https://www.rieti.go.jp/en/events/bbl... Commentator IWATA Kazumasa (President, Japan Center for Economic Research / Emeritus Professor, The University of Tokyo) -Material: https://www.rieti.go.jp/en/events/bbl... Moderator URATA Shujiro (Chairman Emeritus and Distinguished Senior Fellow (specially appointed), RIETI / Professor Emeritus, Waseda University)