Day for Failure international symposium to be held on October 13

– MOIS and MSS to share the achievements of the Fail Expo and promote a global discourse on the theme of “Failure and Rechallenge”

– Experts and officials from related fields will join together to discuss failure and rechallenge, marking the “International Day for Failure”

The Ministry of the Interior and Safety (MOIS, Minister Jeon Hae-cheol) and the Ministry of SMEs and Startups (MSS, Minister Kwon Chil-seung) announced that the two ministries will co-host the “World Rechallenge Forum” on October 13. This forum will serve as a platform to share the main achievements of the Fail Expo that has taken place for four years and shed light on cultures at home and abroad that encourage people to overcome failure and try again.

This event was first launched by Aalto Entrepreneurship Society (AltoES), a group of students from Aalto University in 2010. The “Day for Failure” was expanded as the “International Day for Failure” in 2012 with the participation of various countries, including Germany, the UK, and Canada.

This year’s World Rechallenge Forum will deliver a discourse on the failures of individuals, businesses, and countries deeply affected by COVID-19 and prepare for the shift to “living with COVID-19.” At this forum, experts and officials from related fields will share inspirational stories of those who failed at first and later became successful, ensuring that the fight for success goes on, and promote the spread of the culture of embracing failure inside and outside the country.

Since 2020, MOIS has switched the Fail Expo to be in operation all year round, running the Private Planning Office composed of experts from the private sector by field to communicate policies and gather on-site comments and feedback.

Talks will take place on a range of topics, such as the role of the private and public sectors and plans to build global engagement to promote a culture of accepting and embracing failure across society.

The second part of the forum features panel discussions revolving around cases of public and private sectors and businesses at home and abroad who once had a failure in their journeys to success and a direction of society for a better future.

Graced with the following speakers, a wide range of topics will be addressed: Ahn Young-no, a member of Fail Expo Private Planning Office, will bring up stories about the operation of the Fail Expo; Mona Ismail, President of AaltoES, will talk about running the International Day for Failure, and; Marc H. Meyer, Professor Co-Director of Northeastern University Center for Entrepreneurship Education, will cover enterprise cases.

In particular, Mona Ismail will emphasize the importance of improving public awareness of failure. At the same time, she will discuss how society can embrace failure and the need for changing its mindset, introducing what has happened in Finland before and after the Day for Failure.

The panel discussions in this second part will also have inspirational talks by Founder & CEO Manoj Fernando of Thinktomi, a Silicon Valley-based investment company, Presidential Secretary for Institution Reform Yoon Nan-sil, and Professor & Director Seo Yong-seok of KAIST Future Strategy Research Center.

Minister Kwon Chil-seung of MSS said, “Amid the prolonged COVID-19 pandemic, Korea demonstrated its true capability to overcome the crisis and was able to revisit the meaning of failure and rechallenge in a genuine sense.” He added, “We will continue to remove obstacles so that failure cannot keep people down and shy away from retrying. Moving forward, the government will concentrate its policy capabilities to make experiences of failure recognized as social assets.”

Minister Jeon Hae-cheol of MOIS noted, “The Fail Expo, first launched in 2018, has played a significant role over the past four years in creating a greater awareness of failure and promoting the positive values of the failing experience and a culture of embracing it across society,” adding, “We hope that this year’s World Rechallenge Forum will be a valuable setting for gathering and sharing precious experiences and wisdom from one another with world-renowned scholars.” He then added, “Through various measures in place, such as the Fail Expo, we will provide full support for helping people go back to normal life disrupted by COVID-19 and taking courage to try again.”

This forum will be broadcast live from 3 p.m. to 5 p.m. on October 13 via the YouTube channels of MOIS and the Fail Expo. Video clips will be available in Korean on the Youtube channel of MOIS (https://bit.ly/38253ZH) while in English on the Fail Expo’s channel (https://bit.ly/3BCLV5X).