ULSAN < invest Korea

According to Newsis,

[Ulsan = Newsis] Reporter Yoo Jae-hyung – Ulsan Metropolitan City announced on the 21st that it will provide a total of KRW 20 billion this year to support artificial intelligence (AI) infrastructure construction and facility investments targeting small and medium-sized enterprises (SMEs).

To leap forward as an AI capital, Ulsan is currently undertaking initiatives to restructure its regional industries and the overall city layout around AI. To achieve this, the city is linking and propelling various policy projects across technology development, demonstration, and diffusion alongside financial support.

In particular, the city is enhancing effectiveness by concurrently implementing multi-faceted support measures, such as the 'AI Convergence Technology Service Development Support'—a technology development support project linked with core regional industries—and the 'Region-Led AI Great Transformation Project' aimed at distributing and diffusing AI solutions.

In addition, the city has newly established a KRW 10 billion 'Trade Environment Change Response Fund' this year to assist local SMEs experiencing management difficulties due to adverse trade conditions.

To ensure that enterprises can receive funding more stably, the city plans to accept applications for these funds until they are fully exhausted. Applications can be submitted online through the fund loan management system website of the Ulsan Economic and Jobs Foundation.

◎ NEWSIS, you00@newsis.com



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Source Text

Source: Newsis (May 21, 2026)

** This article was translated from Korean.