Updated Mar.4,2005 19:42 KST

Asian Leadership Conference: 'Asia Will Lead Digital, IT Industries'

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On the second day of the Chosun Ilbo's Asian Leadership Conference on Friday, financial leaders of the Asia-Pacific region discussed 10 conditions they say are necessary for management success in the 21st century.

They agreed that Asia will drive the digital and IT industries, and that leadership is urgently needed in a new management environment where technological, capital, labor and market boundaries are coming down.

The economists and financiers pointed to the need for ¨ç regular reorganization and innovation; ¨è securing and nurturing core talent; ¨é management that recognizes the importance of technology; ¨ê increasing partnerships with overseas firms; ¨ë global management and localization; ¨ì creative partnerships between big and small companies; ¨í leadership with vision and acting power; ¨î improvements in corporate governance and increasing transparency; ¨ï improving trust in corporations; and ¨ð quality management based on consistent principles.

(englishnews@chosun.com )