Ministry of Science and ICT

[2026-01-24]MSIT Significantly Increases 2024 Budget for Public R&D Commercialization

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The Ministry of Science and ICT (MSIT) is boosting its 2024 budget for public research commercialization and academia-industry cooperation to 487.93 billion KRW, an 88.7% increase from last year.
Key programs such as support for public research commercialization and startup assistance, as well as academia-industry cooperation, will receive 93.05 billion KRW and 56.93 billion KRW respectively.
With new project announcements and diversified support, the spread of research results to the market and technology commercialization are expected to accelerate.

[2026-01-20]10 New AI-Focused Universities Selected for Up to 24 Billion KRW Support

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The Ministry of Science and ICT will select 10 new AI-focused universities for the 2026 project.
Selected universities can receive up to 24 billion KRW over 8 years, with plans to expand to 30 universities by 2030.
Key initiatives include AI education system innovation, specialized curricula, industry collaboration, and startup support.

[2026-01-14]Korea Establishes Permanent R&D Budget Council to Boost Efficiency

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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 to major R&D projects.
Both ministries aim to enhance expertise and financial efficiency through strengthened cooperation, applying these improvements from next year”s budget process.