This photo, taken on Feb. 27, 2026, shows Finance Minister Koo Yun-cheol at a robotics company in Seoul. (Yonhap)

According to Yonhap News,

SEOUL, March 18 (Yonhap) -- The government plans to inject a combined KRW 750 billion (USD 502.8 million) over the next two years to commercialize artificial intelligence (AI)-enabled products, the finance ministry said Wednesday.

The plan was finalized during a meeting of economy-related ministers chaired by Finance Minister Koo Yun-cheol, as part of a blueprint to build a "super-innovation economy" and accelerate an AI-driven economic transformation.

At the core of the initiative is support for developing and launching a total of 246 AI products and services, led by a consultative body involving 11 ministries.

"Despite strong progress in AI development, adoption in real-world settings has been slower than expected," a ministry official said. "The budget will focus on supporting products that can be brought to market within one to two years."

Under the plan, the government will allocate KRW 613.5 billion this year and KRW 140.5 billion next year, the ministry said.

This year's allocation marks the largest single program within the government's KRW 2.4 trillion AI transformation budget.

khj@yna.co.kr



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Source: Yonhap News (March 18, 2026)