Hong Nam-ki "Establishment of National Data Policy Committee... Over 20 Trillion Won Fiscal Investment in 3 Years"

[Image source=Yonhap News]

[Asia Economy Sejong=Reporter Kim Hyewon] The government will establish the National Data Policy Committee in line with the enforcement of the Data Industry Act next month and invest more than 20 trillion won in the DNA (Data, Network, Artificial Intelligence) industry over the next three years.

On the 25th, Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, discussed the development direction of the DNA industry at the Innovation Growth BIG3 (system semiconductors, future cars, biohealth) promotion meeting held at the Government Seoul Office.

The government will establish the National Data Policy Committee chaired by the Prime Minister and additionally open high-quality national key data in six fields including autonomous driving and financial finance. Through amendments to the Personal Information Protection Act, it will also promote the introduction of the 'right to request personal information transfer' and support standardization of data formats and transmission methods. In the network sector, the plan is to accelerate the spread of 5G convergence services in various fields such as manufacturing, medical care, and logistics by creating an initial market for the Eum 5G (specialized network) service, which involves 5G demand companies other than telecom operators.

In the artificial intelligence (AI) sector, the government will focus on expanding the three pillars of 'technology development + leading cases + related expansion' and accelerate promotion through public-private cooperation. It plans to actively develop next-generation AI core source technologies such as PIM (Processing In Memory) semiconductors and future leading technologies, and newly designate six regional specialized industries for AI+X (AI convergence leading projects) this year.

The government will invest more than 20 trillion won over the next three years to ensure that DNA technology infrastructure is linked and expanded to BIG3 industries, and plans to expand the application areas of regulatory sandboxes along with research and development (R&D) and tax support.

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