Government Investment
The Korean government plans to invest a combined 750 billion won ($502.8 million) over the next two years to commercialize artificial intelligence (AI)-enabled products, the finance ministry said on March 18. The plan was finalized at a meeting of economy-related ministers chaired by Finance Minister Koo Yun-cheol, as part of a blueprint for a 'super-innovation economy'.
Reported by AI
The South Korean government plans to invest 700 billion won ($478 million) in 2026 to support artificial intelligence (AI) transformation in the manufacturing sector. This includes developing on-device AI chips and promoting exports of AI factories. The Manufacturing AX (M.AX) Alliance, involving around 1,300 companies, will lead these efforts.