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Industry

First major R&D screening after pre-feasibility review abolition picks five projects including AI and aircraft engines

South Korea has selected five projects for the first review under a new pre-screening system for large research and development initiatives introduced after it abolished pre-feasibility reviews. The Ministry of Science and ICT said a committee chaired by Vice Minister for Science and Technology Innovation Park In-gyu (박인규) chose the projects on Thursday. The selected projects will be reviewed by an expert panel for about eight months, including on-site intensive checks.

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.

AI & Enterprise

South Korea to invest over 200 trillion won in R&D over five years, targeting AI and semiconductors

South Korea plans to invest more than 200 trillion won in research and development over five years through 2030, focusing on three mega projects including AI, semiconductors and physical AI. The Science and ICT Ministry said the investment strategy will guide national R&D direction, milestones and portfolios. The plan also prioritises seven future growth engines such as advanced bio, quantum and space, and expands support for basic research, state-funded institutes and talent.