Shortcut to Body Shortcut to main menu

Investment News

Science ministry to focus on AI, support for basic research in 2020
Date
2020.01.29




According to Yonhap News,

SEJONG, Jan. 23 (Yonhap) -- South Korea will focus on building up artificial intelligence (AI) capabilities and support for basic research, the science minister said Thursday.

In a meeting with reporters in Sejong, Minister of Science and ICT Choi Ki-young said that while countries around the world approach AI development differently with many concentrating on software, South Korea needs to take full advantage of its prowess in chip design and production of memory semiconductors.

"We can shine and lead the world if we build AI that is tied to the memory field, which can be seen as a fusing of software and hardware," he said.

The ministry will strategically spend the 500 billion-won (US$430 million) budget earmarked this year for data, networks and AI.

On basic research support, of which 2.03 trillion won has been allocated, Choi stressed that a solid foundation in science and technology is critical.

Choi said the country is fully committed to expanding the country's early lead in the field of 5G that was launched in South Korea in April last year.

He added that while there were limits to the coverage of the ultra-high-speed networks at present, things will improve with time with wider services, such as augmented and virtual reality to be offered in due course.




Source Text


Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.



yonngong@yna.co.kr

Source: Yonhap News (Jan. 23, 2020)


Related News

    Meta information

    Services

    Invest Korea provides services support your investment journey.

    Find Nearby Invest Korea Offices

    Discover nearby offices for conventient access in your area

    Go to Overseas Office Site