[2026-01-14]Korea Establishes Permanent R&D Budget Council for Greater Efficiency
The Ministry of Economy and Finance and the Ministry of Science and ICT will permanently operate an R&D budget council starting this year.
Of the total 2024 R&D budget of KRW 35.5 trillion, 85.3% (KRW 30.5 trillion) is allocated as major R&D funds.
Both ministries aim to enhance expertise and efficiency in budget allocation, applying these improvements from next year”s budget process.