Government to invest over 200 trillion won in R&D over five years, a first, shifting from 'catching up' to 'irreplaceable'

Key points in 3 lines

1. The government has finalized a second mid- to long-term investment strategy for 2026–2030 that will commit more than 200 trillion won to national research and development for the first time.
2. The Ministry of Science and ICT said the National Science and Technology Advisory Council approved the strategy on August 31, and it takes effect on September 1.
3. The target is for Korea to rank third globally in artificial intelligence competitiveness, reach a 50% self-sufficiency rate in semiconductor materials and components, and achieve an 80% domestic localization rate for key robot components within five years.

Written by our reporter · 3-line summary by Koto, The Korean Today's AI assistant · 88 languages ⓘ