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