Ministry of Science and ICT to Invest 6.3 Trillion Won in This Year's R&D Projects

Details of Support and Timing for Task Proposals to Be Announced at Joint Ministry Briefing Session

The Ministry of Science and ICT announced on the 2nd that it has finalized a comprehensive implementation plan for research and development (R&D) projects, investing 6.3214 trillion KRW in R&D projects this year.

The Ministry explained that it set investment goals to create an R&D ecosystem tailored to field demands, achieve an AI-driven transformation, and establish a foundation for technology commercialization.

The investment amount excludes funds allocated to government-funded research institutes (GFRIs), Ministry-affiliated GFRIs, and support projects for scientific and technological organizations from the Ministry's total R&D budget of 9.6671 trillion KRW this year. This represents an increase of 1.0147 trillion KRW compared to last year.

By sector, the science and technology field increased by 23.6% from last year to 5.0058 trillion KRW, and the information and communication technology (ICT) and broadcasting (ICT) sector increased by 12.9% to 1.3156 trillion KRW.

The government plans to hold a joint briefing session with government R&D project departments at the end of this month to explain the specific details of R&D support, the timing of project calls, procedures, and more.

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