Science, Technology & ICT Newsletter(NO.86)

MSIT Confirms Comprehensive Implementation Plan for 2023 R&D Project

  The Ministry of Science and ICT (“MSIT”; Minister Lee Jong-Ho) announced that it held a Comprehensive Deliberative Committee Meeting for R&D Projects and confirmed a total investment of KRW 6.6726 trillion for the 『Comprehensive Implementation Plan for Science and ICT R&D Projects 2023』. The Plan allocates KRW 5.2418 trillion for the R&D budget in science and technology (S&T), and KRW 1.4308 trillion for the R&D in the ICT field, which is a 3.9% increase from the previous year’s KRW 6.4161 trillion.

Going global
  the MSIT will actively secure top-tier talent. The Ministry will support the growth of researchers to become world-class scholars and expand support for attracting outstanding overseas researchers. Beginning with this Comprehensive Deliberative Committee, the Ministry of Science and ICT will continue to gather opinions from the research field on policy directions, and based on these opinions the Ministry will flesh out the detailed implementation tasks."
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Going cooperation
  support for the diffusion of science and ICT into the field will be strengthened. Core carbon-neutral technologies, such as solar cells and carbon resource utilization, will be advanced, and new mega-projects will be launched to promote R&D innovation led by regions. The MSIT also plans to enhance public R&D for addressing social issues. In particular, the Ministry will push for the development of digital inclusion technologies converged with ICT, and new R&D projects for disaster response measures that meet the demand from the field (e.g., skyscraper fire extinguishing technology) will be carried out. Additionally, the government plans to support the growth of digital innovation companies by supporting the development and commercialization of new products and services from ICT companies based on market demand and by fostering promising ICT startups.
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Achievement
  In the field of ICT, Comprehensive Deliberative Committee received a report on various projects including ICT & broadcasting technology development and standardization support projects, talent development projects, and infrastructure and commercialization support projects for the year 2023. They discussed concentrating limited research and development resources on digital innovation technology, introducing research and development methods centered on the industry and researchers to maximize their achievements, and developing effective digital talent training plans.