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AI & Enterprise

Lab spinoffs\' high-growth rate 9 times higher than regular firms

South Korea\'s Ministry of Science and ICT said on Wednesday that the share of high-growth companies among firms founded on research results from universities and government-funded institutes was 9.3 times that of ordinary operating companies. In a survey of 3,850 surviving lab spinoffs less than 10 years old, 19.5 percent of firms with at least 10 regular workers were high-growth. Average employment rose to 9.6 in 2024 and average revenue to 900 million won.

Industry

Science ministry launches 2026 support for R&D special zone fostering program

South Korea\'s Ministry of Science and ICT begins support for new projects under its 2026 R&D special zone fostering program. The 51.2 billion won package targets 174 companies in five special zones including Daejeon, Gwangju, Daegu, Busan and North Jeolla. The program focuses on full-cycle growth from demonstration and investment to global expansion, and prioritises fields such as AI, advanced bio, semiconductors and displays, advanced robotics and secondary batteries.

Industry

Government steps up push to foster \'NEXT\' national strategic technologies with 8.6 trillion won in R&D

South Korea has drawn up an implementation plan to secure strategic technologies through inter-ministerial cooperation. It plans to invest 8.6 trillion won in national strategic technology R&D this year and push a shift to a new strategic technology system. The Ministry of Science and ICT approved the 2026 implementation plan under the 2024-2028 basic plan, focusing on growth support, broader technology security and a mission-oriented policy system.