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AI & Enterprise

South Korea to invest 4 trillion won next year in seven SEED future growth drivers

South Korea plans to invest about 4 trillion won next year in seven future growth engines spanning SMRs, nuclear fusion, renewable energy, quantum, aerospace, advanced bio and advanced supply chains. It also plans to invest more than 200 trillion won in national research and development over 2026-2030 and to push ahead with the K-Moonshot initiative to tackle scientific and technological challenges using AI. The science ministry discussed related plans at a ministerial meeting in Seoul.

AI & Enterprise

Dell Technologies supplies GPU servers to Korea Venture Investment to support on-premises AX

Dell Technologies said on Sept. 22 it will supply its Dell PowerEdge XE7745 high-performance GPU servers to Korea Venture Investment, a public agency under the Ministry of SMEs and Startups, and support on-premises enterprise AI transformation. The project focuses on applying agent AI to actual work to raise productivity and modernise systems. Korea Venture Investment built on-premises AI infrastructure to meet security and network-separation requirements and plans PoCs including a trial deployment in its VICS system.

AI & Enterprise

MSIT, KTOA hold competition to find adventurous, challenging AI startups

South Korea\'s Ministry of Science and ICT and the Korea Telecommunication Operators Association held a final round of a competition to identify investment targets among adventurous and challenging AI startups, selecting 8 winners. A total of 268 companies applied, a 33.5-to-1 competition rate. Winners will receive 80 million won in prize money and investment opportunities linked to the Korea IT Fund. An AI venture fund will also be newly created this year.