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AI & Enterprise

Bae Gyeong-hun calls for AI as national growth engine, presents Korea strategy at G20

Bae Gyeong-hun (배경훈), South Korea’s deputy prime minister and science minister, shared Seoul’s policy direction to foster AI as a driver of national innovation and economic growth at a G20 innovation ministers’ meeting. The ministry said Bae attended as South Korea’s lead representative in Chapel Hill, North Carolina. He outlined expanded basic research investment, steps to streamline R&D, and initiatives including the SEED and K-Moonshot projects, as well as plans to broaden AI use and train talent.

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

SK Hynix speeds up memory timeline as fab infrastructure moves ahead

SK Hynix is accelerating construction of memory-related infrastructure, with its first Yongin fab nearing completion and investment and groundbreaking dates set for additional fabs. The company plans to hold a groundbreaking ceremony in Indiana for a $3.9 billion advanced packaging plant. It has decided to invest 35.2 trillion won in Yongin’s Y2 fab and 19.1 trillion won in Cheongju’s M17. The government has also moved to speed up power-grid schedules for the Honam semiconductor cluster.