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