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Choi Sang-mok Unveils $20.8 Billion R&D Budget

1/23/2025

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Summary

Story summary

On January 21, 2025, Acting President Choi Sang-mok unveiled a groundbreaking 30 trillion won (US$20.8 billion) budget dedicated to research and development in South Korea. With 7.1 trillion won earmarked for cutting-edge technologies like artificial intelligence, biotechnology, and quantum tech, Choi passionately called for daring investments to ignite innovation and cultivate emerging industries.

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Story summary

On January 21, 2025, Acting President Choi Sang-mok unveiled a groundbreaking 30 trillion won (US$20.8 billion) budget dedicated to research and development in South Korea. With 7.1 trillion won earmarked for cutting-edge technologies like artificial intelligence, biotechnology, and quantum tech, Choi passionately called for daring investments to ignite innovation and cultivate emerging industries.