The government has decided to add four new tasks to its ultra-innovative economy project, including superconductors, K-bio, K-digital healthcare, and K-content. With this, all 20 tasks of the 15 leading ultra-innovative economy projects have been confirmed. The Ministry of Economy and Finance announced the fourth implementation plan for the 15 ultra-innovative economy projects at the Industrial Competitiveness Enhancement Ministers’ Meeting and Growth Strategy TF held on the 16th.
On August 22, the government presented 15 leading ultra-innovative economy projects through its new economic growth strategy. It has been operating 20 public-private joint task forces centered on companies, collecting field opinions, and announcing implementation plans for 16 tasks of 13 projects over the past three months, opening a new growth paradigm. The first tasks included next-generation power semiconductors such as SIC, LNG cargo holds, graphene, special carbon steel, and K-food. The second included smart agriculture, smart fisheries, ultra-high-resolution satellite development and utilization, AI bio open ecosystem, and K-beauty. The third included next-generation solar power, next-generation power grids, offshore wind power, HVDC, green hydrogen, and SMR.
In this fourth announcement, the government confirmed all 20 tasks of the 15 leading ultra-innovative economy projects by announcing implementation plans for four tasks, including superconductors in the national strategic advanced materials and parts sector, K-bio global commercialization support in the K-boom-up sector, K-digital healthcare, and K-content. The superconductor task aims to advance high-temperature superconductor magnet source technology, enabling miniaturization and high performance of key components and equipment, and to develop practical technologies focusing on application fields such as medical (cancer treatment accelerators), energy (nuclear fusion), and transportation (aircraft). The goal is to develop prototypes for each application field within five years to lead industrial and technological innovation.
The government plans to provide package support in finance, taxation, manpower, and regulation to visibly create results from this project. Additionally, it will focus all efforts on creating visible results through collaboration with public-private joint task forces and related ministries, considering the next five years as a golden time for the economy.