Tag: Science Ministry

Science Ministry

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Science Ministry launches public-private initiative on AI data centers

The ministry has formed a platform to speed the development of massive centers and expand exports of related technologies.

2026.7.29

Korea's cloud services market approaches $6B in 2024

Korea's market for cloud services surpassed 9 trillion won ($5.94 billion) in 2024 amid the growing demand from the AI industry, data showed Monday.

2026.3.30

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Second Vice Science Minister Ryu Je-myung speaks during a press briefing on the state-run competition to develop a homegrown AI foundation model in Seoul on Jan. 15. [JOINT PRESS CORPS]

Gov't starts process to pick 1 more contender for AI foundation model development

The Ministry of Science and ICT said Friday it has kicked off the process to select an additional company from local tech giants to develop homegrown AI foundation models under a government initiative.

2026.1.23

Korea to invest 235 billion won to secure core semiconductor, battery technologies

The Ministry of Science and ICT on Wednesday unveiled a plan to allocate 235.1 billion won ($159 million) to research projects in the semiconductor, display and battery industries.

2026.1.14

Gov't to launch committee to coordinate R&D budget planning

The Science Ministry plans to launch a joint committee with the Budget Ministry to coordinate planning for the country's research and development (R&D) budget, according to officials Monday.

2026.1.12

Second Vice Science Minister Ryu Je-myung, right, meets with an official from Nvidia at the U.S. tech giant's headquarters in California on Jan. 9. [MINISTRY OF SCIENCE AND ICT]

Science Ministry, Nvidia share view on swiftly setting up research center in Korea

The Science Ministry said Sunday it has shared a view with Nvidia on swiftly setting up a research center in Korea. Second Vice Science Minister Ryu Je-myung met with Jay Puri, executive vice president at Nvidia, in California on Friday.

2026.1.11

A phone store with the logos of Korea's three mobile carriers, SK Telecom, KT and LG Uplus, is seen in Seoul on Sept. 11. [YONHAP]

Korea begins trial of mandatory face recognition for new mobile numbers

Korea on Tuesday launched a trial period for a new policy requiring people to undergo real-time face recognition when registering a new mobile phone number, as the government aims to curb scam attempts using illegally registered accounts.

2025.12.23

A person walks by an SK Telecom store in Seoul on Aug. 27. [YONHAP]

Korea to inspect 1,600 public, financial, communications systems

The Korean government said Wednesday it will conduct a comprehensive inspection of IT systems at public, financial and telecommunications companies as part of nationwide cybersecurity measures following recent data breaches at major mobile carriers.

2025.10.22

This photo provided by CJ Olive Networks shows a bird's-eye view of the Mungyeong Virtual Studio [CJ OLVIE NETWORKS]

Public virtual studio opens in Mungyeong

The Ministry of Science and ICT said Friday that a public virtual studio for virtual reality content creation has begun operations in the central city of Mungyeong.

2025.9.5

Koo Hyuk-Chae, deputy minister for the office of planning and coordination at the Ministry of Science and ICT, speaks at a press briefing on its 2025 plan at the government complex in Seoul on Jan. 10. [YONHAP]

Science Ministry to focus on gaining lead in AI tech

The Ministry of Science and ICT gave a briefing on its 2025 plan to advance national strategic technologies and take the lead in the AI sector.

2025.1.13