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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.

Industry

MSIT speeds up SMR-powered ship development, expands international cooperation

South Korea will expand international cooperation in maritime nuclear power as it targets starting construction of a small modular reactor-powered ship by 2035. The Ministry of Science and ICT said First Vice Minister Ku Hyuk-chae will attend the launch ceremony of the International Atomic Energy Agency’s ATLAS initiative in Washington on Aug. 26-27 as South Korea’s chief representative. ATLAS will discuss safety, security, safeguards, regulation and standards needed to introduce maritime nuclear power.

AI & Enterprise

South Korea to launch seven SEED projects to foster SMRs, quantum and space

South Korea will 추진 a “seven SEED projects” initiative to nurture future growth engines including small modular reactors, nuclear fusion, quantum and space and aviation, following its three mega projects in semiconductors, physical AI and AI data centres. The plan targets preemptive 확보 of advanced technologies over the next 10 to 20 years, with goals around 2030 to 2035. It groups projects into clean energy, next-generation frontier and advanced supply chains, and includes 10 trillion won for supply-chain R&D by 2030.