SEOUL, Jan. 1 (Yonhap) — South Korea’s science ministry stated Thursday it can make investments 8.12 trillion won (US$5.6 billion) this year on analysis and improvement in science and knowledge and communications know-how.
The price range, up 25.4 % from a year earlier, consists of 6.44 trillion won for science and know-how and 1.68 trillion won for ICT, in accordance to the Ministry of Science and ICT.
The ministry stated the expanded spending is meant to promote innovation-led progress amid international financial uncertainty and extended low progress, whereas advancing South Korea’s push to turn out to be one of many world’s high three synthetic intelligence powers.
In the science and know-how sector, the federal government will improve spending in future applied sciences comparable 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 stated.
In the ICT sector, the ministry stated it can broaden funding in AI-driven transformation, together with the event of AI transformation engines and efforts to prepare extremely expert AI professionals.
This picture taken on Dec. 30, 2025, reveals Science Minister Bae Kyung-hoon delivering a welcoming speech at an AI occasion held at a COEX exhibition corridor in southern Seoul. (Yonhap)
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