Search results for supplementary budget
Industry
South Korea launches megaprojects spanning Samsung, SK fabs, AI robots and data centres
South Korea will foster semiconductors, physical AI and AI data centres as national growth engines based on large private-sector investment by companies including Samsung Electronics and SK. President Lee Jae-myung chaired a public briefing on three megaprojects and said he would directly oversee execution. Plans include accelerating chip plant construction, building regional production hubs, developing humanoid robots and foundation models, expanding AI data-centre capacity, and launching a manufacturing AI strategy with joint public-private investment.
Industry
South Korea launches CCU megaproject with LG Chem, POSCO Holdings
South Korea\'s Ministry of Science and ICT said on Tuesday it held a launch briefing for a \"CCU Megaproject\" to conduct large-scale demonstrations of carbon capture and utilisation technology with private companies including LG Chem and POSCO Holdings. The project will demonstrate producing e-SAF from emissions from thermal power plants and converting steel industry emissions into syngas and cleaner marine fuels. The ministry said 238 billion won in state funds will be invested from 2026 to 2030.
AI & Enterprise
Sovereign AI, building a domestic NPU ecosystem and opportunities for regions
An October announcement that Nvidia would supply 260,000 GPUs to South Korea was seen as a diplomatic gain, but most supply is concentrated among large companies. About 20 percent is available for academia, research institutes and startups, with the government leasing capacity from cloud firms. The author argues AI demand is shifting toward low-latency inference, where domestic NPUs could be deployed, but cheap large-scale GPU supply could crowd them out. He calls for regional distributed inference hubs using idle public assets and local demand aggregation.
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AI & Enterprise
South Korea AI action plan: 88 percent of 326 tasks on track as infrastructure and talent take shape
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Industry
Korea semiconductors set to accelerate Q2 export momentum as supplementary budget kicks in
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Industry
MSIT to pursue R&D special zone supplementary budget program to support deep-tech startups
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Industry
President Lee Jae-myung urges turning crisis into opportunity, stresses sovereign wealth fund and manufacturing sovereignty
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AI & Enterprise
South Korea MSIT secures 78.7 billion won supplementary budget for startups, youth and energy transition
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Finance
Bank of Korea holds rates; Lee says Middle East war could shake inflation, growth
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Politics
Ruling, opposition parties agree on 26.2 trillion won extra budget, keep aid plan for bottom 70 percent by income
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Telecommunications & Media
Science committee passes supplementary budget under Broadcast and Communications, including 4.95 billion won for TBS
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Finance
FSC expands support to 26.8 trillion won to cope with Middle East risks
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Finance
High oil prices, weak won and rising prices put Bank of Korea monetary policy at crossroads
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AI & Enterprise
South Korea selects 52 national AI projects, government to provide 3,000 GPUs
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Economy
OECD sparks signs of wave of Korea growth downgrades amid Middle East vulnerability
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AI & Enterprise
MSIT begins allocating 2,000 leased GPUs to industry, academia and research
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Finance
Won-dollar exchange rate climbs past 1,510 in early trade, highest since financial crisis
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Crypto
Stablecoin issuance widened, but talks on Digital Assets Framework Act delayed again