The South Korean government has allocated 65 billion won ($45 million) to support research and development (R&D) projects for medium-sized enterprises in 2026. The funding particularly targets AI-centered initiatives in manufacturing, marking a 20 percent increase from last year's budget. The Ministry of Trade, Industry and Resources aims to enhance corporate competitiveness in the AI era and promote balanced regional growth.
The Ministry of Trade, Industry and Resources announced on February 2, 2026, that it has earmarked 65 billion won ($45 million) to support R&D projects for medium-sized enterprises. This represents a 20 percent increase from the 54.8 billion won allocated for similar initiatives last year. The focus is on AI transformation in the manufacturing sector, a key government agenda to boost local companies' competitiveness amid the AI era.
The budget will also fund projects by medium-sized firms located outside the greater Seoul area, aiming to foster balanced regional development. The ministry's logo in Sejong was referenced, with the announcement made in Seoul. This support targets helping mid-sized firms innovate in manufacturing through AI technologies.
A ministry official stated, "We will enhance corporate competitiveness through AI-centered manufacturing R&D and promote regional growth." The measure aligns with the government's broader AI policy direction.