The South Korean government has announced a significant investment of approximately 8.6 trillion won ($5.77 billion) in 2026 to advance development in key sectors such as semiconductors, AI, shipbuilding, energy, and batteries. This initiative is part of a broader five-year national strategy (2024-2028) aimed at enhancing the country’s technological sovereignty and competitiveness amid intensifying global competition. The plan involves coordinated efforts across 23 ministries to support 513 designated technologies within 19 fields, including telecommunications, cybersecurity, biotech, robotics, aerospace, and defense. Key components include increased R&D funding, support for startups, streamlined government procedures, and strengthened international cooperation to secure critical capabilities and shape global standards.
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