Ministry of Science and ICT to Launch 73 Billion KRW Data Utilization Support Project

[Asia Economy Reporter Seolgina Jo] The government is promoting a data utilization support project worth 72.95 billion KRW to revitalize the data economy.

According to the Ministry of Science and ICT on the 29th, the data utilization support projects to be promoted this year include ▲ Data Voucher (57.5 billion KRW) ▲ MyData Demonstration Service (9.7 billion KRW) ▲ Data Flagship (5 billion KRW) ▲ Support for Big Data Analysis and Utilization for SMEs (750 million KRW).

The 'Data Voucher Project' is a program that supports data purchase or processing services for small and medium-sized enterprises and small business owners who have difficulties utilizing data. The government plans to support a total of 1,420 vouchers this year. Starting this year, 'pseudonymization and anonymization processing' will be included in processing tasks to intensively discover demand for pseudonymized information processing by sector, and the support target will be expanded to include prospective entrepreneurs.

The Ministry of Science and ICT expects that data utilization will be triggered in areas where the public can feel the impact, as 'pseudonymized information utilization' has become possible following the amendment of the Data 3 Act this year.

In addition, a priority support system has been established to respond to the novel coronavirus infection (COVID-19), with 5 billion KRW separately allocated for infectious disease treatment research. The support target has also been expanded to include universities and research institutes.

The 'MyData Demonstration Service Support Project' is a project to build a platform that integrates, manages, and utilizes distributed data centered on individuals and can provide it to third parties. The Ministry of Science and ICT will expand this year's project to eight fields: ▲ medical ▲ finance ▲ public ▲ distribution/logistics ▲ culture ▲ telecommunications/media ▲ education ▲ others (energy, etc.). Selected projects will receive up to 1 billion KRW in development costs.

The 'Data Flagship Project' supports the development of products and services using big data and artificial intelligence (AI) technologies. It plans to support urgent tasks such as the development of data and analysis functions for infectious disease epidemiological investigations by the Korea Disease Control and Prevention Agency and the advancement of epidemiological investigation support systems. In addition, through the 'Support Project for Big Data Analysis and Utilization for SMEs,' small and medium-sized enterprises will be supported to strengthen corporate competitiveness and create new business value by utilizing big data.

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