Gov’t to spend $5.6B on science, ICT R&D this year

Science Minister Bae Kyung-hoon delivers a welcoming speech at an AI occasion held at COEX in southern Seoul, on Dec. 30. 2025. [NEWS1]

 
The Ministry of Science and ICT mentioned Thursday it is going to make investments 8.12 trillion received ($5.6 billion) this year on analysis and improvement in science and knowledge and communications know-how (ICT).
 
The funds, up 25.4 p.c from a year earlier, consists of 6.44 trillion received for science and know-how and 1.68 trillion received for ICT, in accordance to the Science Ministry.
 
The ministry mentioned the expanded spending is meant to promote innovation-led progress amid world financial uncertainty and extended low progress, whereas advancing Korea’s push to turn into one of many world’s prime three AI powers.
 
In the science and know-how sector, the federal government will enhance spending in future applied sciences similar to biotechnology and quantum science, whereas strengthening core applied sciences to safe a aggressive edge in key industries, together with semiconductors and secondary batteries, it mentioned.
 
In the ICT sector, the ministry mentioned it is going to broaden funding in AI-driven transformation, together with the event of AI transformation engines and efforts to prepare extremely expert AI professionals.

Yonhap