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Industry

Ministry of Science sets up planning division to steer seven SEED projects

South Korea\'s Ministry of Science and ICT has set up a dedicated unit to oversee policies to foster future growth engines and link the seven SEED projects under an integrated cross-government 추진 framework. The Future Pioneering Planning Division was created under the Science and Technology Policy Bureau of the ministry\'s Office of Science and Technology Innovation and began official work on Oct. 8. The temporary unit will operate for six months through April 7 next year.

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

South Korea\'s 2027 government R&D budget nears 40 trillion won, new projects hit record maximum

South Korea has drafted a 2027 government research and development budget of 39.5 trillion won, up 11.2 percent from this year. It plans to increase investment in strategic technologies such as artificial intelligence, semiconductors, quantum and space aviation, and to allocate a record 3.3 trillion won to new projects. Major R&D funds allocated and coordinated by the science ministry total 33.8 trillion won, up 11.5 percent.