Hong Nam-ki: "This Year, 3,000 Fast Chargers for Electric Vehicles to be Expanded... Starting with 2,280 Public Chargers"

Presiding over the 4th Innovation Growth BIG3 Promotion Meeting on the 1st

Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, speaking at the 3rd Innovation Growth BIG3 Promotion Meeting held at the Government Seoul Office Building on the 21st of last month. (Image source=Yonhap News)

[Asia Economy Reporter Moon Chaeseok] Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki announced on the 1st, "We will expand 3,000 fast chargers for electric vehicles within this year."

On the same day, Deputy Prime Minister Hong held the 'Big 3 Innovation Growth Promotion Meeting' at the Government Seoul Office and said, "We have prepared a plan to achieve this early with the goal of creating a charging environment more convenient than gas stations."

The Big 3 industries refer to future cars, system semiconductors, and bio-health, which have high growth potential and profitability.

First, the public sector will directly install 2,280 units. Since installation costs are high, the plan is to expand infrastructure in public institutions first.

Afterwards, 289 units will be installed in locations with high accessibility and profitability through support for private businesses. Additionally, 300 units will be installed at existing gas stations.

The public sector will install 43 ultra-fast chargers, which reduce charging time from 1-9 hours to 20 minutes, for the first time.

Automobile companies will be actively supported in securing power, land, and construction so that they can install more than 80 units on their own.

A semiconductor fabless challenge-type demand-linked research and development (R&D) program will be newly established to support six companies with up to 5.5 billion KRW per company over three years.

By 2024, 87.8 billion KRW will be invested to conduct R&D for localization of 16 bio materials, parts, and equipment items.

Regarding patent disputes, about 100 IP R&D support projects will be discovered this year to assist companies. A dedicated patent examination department for the Big 3 industries will be operated.

Support for overseas patent application costs for small and medium-sized enterprises will increase from 1.5 billion KRW and 135 companies last year to 1.7 billion KRW and 195 companies this year.

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