Subsequent 12 months’s nationwide analysis and improvement (R&D) finances has been finalized at 35.5 trillion received. This represents a 19.9% improve from this 12 months’s 29.6 trillion received, as the federal government seeks to speed up the acquisition of recent applied sciences, together with bodily synthetic intelligence (AI) and renewable vitality.
The Ministry of Science and ICT introduced on Dec. 3 that the nationwide R&D finances invoice was authorised on the Nationwide Meeting plenary session the day before today. This quantity is 200 billion received greater than the finances invoice submitted by the federal government. It accounts for 4.9% of whole authorities expenditure.
By means of this finances, the federal government plans to focus funding on fostering future strategic industries together with AI and vitality, carbon neutrality, particularly next-generation AI know-how, bodily AI, vitality spine building centered on renewable vitality, quantum know-how, semiconductors, and protection. The federal government additionally intends to revive the fundamental analysis ecosystem broken by finances cuts from the earlier administration and broaden expertise improvement.
The Ministry of Science and ICT’s departmental finances was additionally finalized at 23.741 trillion received, a 13.1% improve from this 12 months. The ministry determined to focus funding on 4 main areas: nationwide AI transformation, NEXT strategic know-how improvement, sturdy R&D ecosystem creation, and balanced progress primarily based on science, know-how, and digital infrastructure.
Within the AI transformation sector, a complete of 5.1 trillion received will probably be invested to combine AI throughout R&D by means of AI highways, AI innovation know-how and expertise, AI diffusion and fundamental society initiatives. For securing NEXT strategic applied sciences, a complete of 5.9 trillion received will probably be invested, together with expanded funding in key know-how fields reminiscent of semiconductors, superior biotechnology, and quantum know-how, in addition to monetary construction reform of government-funded analysis institutes.
The federal government allotted 4.5 trillion received for R&D ecosystem creation, together with fundamental analysis enlargement, nationwide scientist improvement, strengthened assist for nationwide scholarships and analysis residing allowances, and abroad expertise recruitment. A complete of 700 billion received will probably be invested in balanced progress, together with strengthened regional autonomous R&D, expanded assist for science tradition experiences for regional residents, and digital divide decision.
The Korea AeroSpace Administration’s finances was additionally set at 1.12 trillion received. The administration allotted 2 billion received in new preliminary preparation finances for the seventh Nuri-ho launch in 2028. Following the current success of the 4th launch, Nuri-ho has confirmed launches solely by means of the fifth launch subsequent 12 months and the sixth launch in 2027, making assist measures for continued manufacturing and launches past that time an pressing matter.
