Artificial intelligence (AI) is to create as many as 7.3 million jobs by 2030 in South Korea, according to the Presidential Committee on the Fourth Industrial Revolution.

It advised the government to quicken deregulation so that Korea can ride high the AI revolution for creating jobs and powering the economy.

In its report, its predicted 27 percent of works would get automated, affecting seven million existing jobs. It forecast that South Korean can create 2.1 million AI engineers and developers, 800,000 data scientists and programs, 300,000 robot developers, designers, and hardware manufacturers and one million digital healthcare service providers.

It recommended that the government adopts an industrial policy encouraging companies to upgrade and innovate through AIs. It also said South Korea needs an overhaul of the education policy to foster workforce fit for an AI-age era. The existing social safety net program, namely welfare programs, including unemployment insurance, should undergo a revamping ahead of the AI-powered industrial revolution.