Background The world in 21st century has experienced fast and astonishing changes and improvements that had impacts in our lives greatly. The core of such revolution has been technology, from the development of computer to current developments such as auto-driving that is soon to come. Businesses that have adapted to such changes stand on top nowadays while many those that displayed persistence became part of the history book. There are still spaces for improvements and opportunities for businesses to adapt for the better. Yet, just as every light has its shadow, there are obstacles to these changes. In light of the above, GAEE Seoul hosts the Business Economics & Information Technology Essay Contest, with prompts provided by Professor Jin K Han from Singapore Management University on economics and Diego Soto, a legal analyst from World Bank MIGA on information technology humanity, sponsored by University of Chicago KSO.  


We are pleased to announce the winners of the Business Economics & Information Technology Essay Contest. We have had a fantastic response to the competition, with submissions from high schools across Korea. Thank you to everyone who submitted your entries.


1st place

Juhyun, Lee

North London Collegiate School (G12)


The Digital Revolution or the 4th Industrial Revolution, is ubiquitous. Technology is developing our lives not only through factories but in a plethora of ways. With the advent of the Internet, society has been transformed into a one-touch click distance. Technology has solved inconveniences faced by humanity yet the problems that remain are differences between thought, culture, custom, and way of life. The role of technology is to be a tool, but it has become a double-edged sword that added invaluable richness to society while adding onto individual users the burden of a constant need for social validation and sense of dependency. Technology has become higher than the value of human life from a humanitarian perspective. History shows us that utopia leads to dystopia yet the solution is not a simple one; the old must embrace the new and desirable traits.

2nd place

Jihoo, Shin

Branksome Hall Asia (G12)


Isaac Asimov’s landmark concept of the “Three Laws of Robotics” seem to come increasingly into mind as we look back on how we have progressed from the technology of the Industrial Revolution to the post-Industrial to the Information Age. There have been numerous documented cases where creators of new technology neglected to include non-white or non-majority groups in their tests creating issues that were either embarrassing, dangerous or both. These issues have not gone away nor will they go away in the meanwhile. Artificial intelligence, and all technologies that are based on it, provides a unique challenge since we trust it increasingly to know our own minds or to present better versions of ourselves augmented with the latest developments, while at the same time unconsciously coding our own biases and worldview into those same products. It is absolutely critical that we acknowledge that technology will only ever be as good or fair or equitable as we make it. The solution is fundamental. We must have better bias training, more inclusive developers and inventors and include more women, people of color, and people with a non-typical background. However, until we recognize and understand that simple fact, technology will continue to be mere reflections into our own psyche.

3rd place

Jubin, Heo

The Newman School (G12)


It is the defining challenge of our time that we struggle to bring the warmth of human empathy and understanding to an often cold and unwieldy tool set. We often think of technology as the great democratizer, or the great equalizer in many respects. However, such easy communication and the easy identification of individuals has also proven to exacerbate tensions that have already existed in our societies for generations. People continue to point out errors and mistakes by inventors and companies, and to their credit most try to rectify those errors at some point. To address these issues, we must accept that all technology will have problems at inception since they are human-made and prone to error, and think about how we will fix those errors. We cannot hope to absolve development at the beginning stages of new tech, we can do what humanity has proven itself to do best: correct an incorrect course, and chart a path towards still waters.