Government Invests 78.6 Billion KRW in ICT Talent Development... 38% Increase from Previous Year

[Asia Economy Reporter Koo Chae-eun] The Ministry of Science and ICT is investing 78.6 billion KRW to nurture core talents in information and communication technology (ICT).

The government announced on the 7th that it will invest approximately 78.6 billion KRW in eight projects this year to cultivate ICT master's and doctoral-level talents, marking a 38% increase compared to the previous year. Additionally, it plans to nurture about 6,500 core talents who will drive national innovation growth by 2023.

The key projects being promoted include ▲University ICT Research Centers (ITRC) ▲ICT Premium Talent Development ▲Grand ICT Research Centers ▲Global Core Talent Development. Furthermore, there are four ongoing projects and a newly launched project this year, ▲ICT Innovation Talent 4.0. The number of graduates is planned to increase annually, with 1,080 this year, 1,382 next year, 1,884 in 2022, and 2,147 in 2023.

Lee Seung-won, Director of the Information and Communication Industry Policy Bureau at the Ministry of Science and ICT, stated, “A new talent development approach is more necessary than ever to lead changes across industries and drive innovation in new industries and new technologies. Based on the significantly expanded support budget this year, we will actively fulfill the government's role in creating national innovation momentum by supporting the challenges and growth of future ICT talents.” Detailed information on support contents, fields, and application conditions for each project will be announced sequentially from February on the website of the Institute for Information & Communications Technology Planning & Evaluation.

This content was produced with the assistance of AI translation services.