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AI & Enterprise

MSIT minister steps in amid questions over Korean AI foundation model project, two-track push with frontier AI

South Korea’s Ministry of Science and ICT moved to calm growing talk that the domestically developed AI foundation model project known as Dokpamo could be halted. Minister Bae Kyung-hoon said the project would continue and that the government should also challenge frontier AI. The ministry said nothing had been decided on halting Dokpamo or forming a special-purpose company. Industry figures said the boundary between Dokpamo and frontier AI remains unclear.

AI & Enterprise

South Korea weighs public-private SPC for frontier AI model development

South Korea is reviewing the use of a special purpose company jointly funded by the public and private sectors to develop frontier-level AI models, government and industry officials said. Proposals being discussed include the government investing about 5 trillion won for a roughly 30 percent stake, with the private sector providing the remaining 70 percent. The move reflects a policy shift to diversify national R&D support from grants toward equity investment.

AI & Enterprise

Science ministry says homegrown AI foundation model project to proceed as planned

South Korea\'s Ministry of Science and ICT confirmed it will proceed as planned with its homegrown AI foundation model project through February, rejecting some speculation it could be halted. The ministry said nothing has been decided on whether to set up a special-purpose company for frontier-level AI development. It also said it recognises the need to concentrate financial support on developing top-tier AI models and has reviewed options including an SPC and equity investment.