Jan 01, 2026Seoul, IANS18
South Korea’s science ministry stated on Thursday it can make investments 8.12 trillion received ($5.6 billion) this year on research and improvement in science and data and communications expertise.
The finances, up 25.4 per cent from a year earlier, consists of 6.44 trillion received for science and expertise and 1.68 trillion received for ICT, in accordance to the Ministry of Science and ICT, reviews Yonhap information company.
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 develop into one of many world’s high three synthetic intelligence powers.
In the science and expertise 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 increase funding in AI-driven transformation, together with the event of AI transformation engines and efforts to prepare extremely expert AI professionals.
Meanwhile, Science Minister Bae Kyung-hoon has condemned U.S. e-commerce big Coupang Inc. for failing to faithfully cooperate with the federal government in an on-going investigation into its huge knowledge leak.
The remarks come after Coupang, citing its personal investigation, claimed the breach had solely affected some 3,000 person accounts, as an alternative of over 33.7 million it initially reported late final month.
Coupang argued its investigation had been carried out in shut session, if not underneath supervision, of the federal government, however Seoul shortly rejected Coupang’s claims, calling them a “unilateral” conclusion of a nonetheless ongoing investigation.
“Coupang says only 3,000 accounts were leaked and later deleted, but this is an extremely reckless remark,” Bae stated, noting that the corporate is straight quoting the suspect’s testimony.