Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

Explainer-Why is South Korea hosting a 'Summit for Democracy'?

Published 03/18/2024, 02:01 AM
Updated 03/18/2024, 02:05 AM
© Reuters. South Korean President Yoon Suk Yeol speaks during an opening ceremony for the 3rd Summit for Democracy in Seoul, South Korea 18 March 2024.    KIM MIN-HEE/Pool via REUTERS

SEOUL (Reuters) - South Korean President Yoon Suk Yeol joined U.S. Secretary of State Antony Blinken and other foreign officials this week in calling for measures to counter digital threats to freedom as Seoul hosted the Summit for Democracy.

The event is the third of its kind after U.S. President Joe Biden established the summit in 2021.

WHAT IS THE SUMMIT FOR DEMOCRACY?

The first summit was a fulfilment of one of Biden's key campaign promises.

It was a first-of-its kind gathering of more than 100 countries to help stop democratic backsliding and erosion of rights and freedoms worldwide.

It was held online due to COVID-19 restrictions.

A second summit was co-hosted in 2022 by the United States, Costa Rica, Zambia, the Netherlands and South Korea, also mostly online.

WHAT IS IT ABOUT?

This year's summit agenda focused on digital threats to democracy, including misinformation, artificial intelligence, and deep fakes.

"Fake news and disinformation based on artificial intelligence and digital technology not only violates individual freedom and human rights but also threatens democratic systems," Yoon said at the opening ceremony.

Speaking at a separate session, Blinken said Washington was releasing the first guidance of its kind for tech companies to help prevent attacks on human rights defenders online.

The South Korean hosts also said they planned to use the event to seek ways to encourage youth participation in democracy.

WHO ATTENDED THE SUMMIT?

This year's event saw senior officials visit Seoul, including Blinken, British Deputy Prime Minister Oliver Dowden, the foreign ministers of Ecuador, Gambia, Indonesia, Guyana, and Mauritius, and other minister-level leaders.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The plenary session on Wednesday will largely be online, however, and will feature participation by Biden, among other national leaders.

Biden angered China when he invited Taiwan to the first summit. The issue caused further controversy that year when U.S. organizers cut a video feed of a Taiwanese minister during the summit after a map in her slide presentation showed Taiwan in a different colour to China, which claims the island as its own.

Over the years the summit has also been dogged by criticism by rights activists who question whether the virtual events can push the invited world leaders, some accused of harbouring authoritarian tendencies, to take meaningful action.

A senior U.S. official involved in the planning of the first summit told Reuters at the time that invitations were sent to countries with different experiences of democracy from all regions of the world.

"This was not about endorsing, 'You're a democracy, you are not a democracy,'" the official said.

As the summit opened on Monday, Yoon's administration denied allegations that it had mobilized government agencies to coerce the media into more favourable coverage.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.