South Korea ramps up 2024 R&D budget in key strategic sectors, including AI, semiconductors

( January 29, 2024, 06:39 GMT | Official Statement) -- MLex Summary: South Korea's Ministry of Science and ICT has announced an increased 2024 budget for national strategic technologies, totaling 5 trillion won (about $3.7 billion), marking a 300 billion won increase from the previous year. The investment is aimed at driving innovation in key sectors such as semiconductors, artificial intelligence, advanced biotechnology, cybersecurity, quantum and secondary batteries, aligning with President Yoon Suk-yeol's national policy direction. The ministry said the budget allocation underscores a strategic shift towards cutting-edge research and development, focusing on securing technological independence and enhancing South Korea's competitive edge on the global stage.The statement, in Korean, is attached....

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South Korea ramps up 2024 R&D budget in key strategic sectors, including AI, semiconductors

Prepare for tomorrow’s regulatory change, today

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