S. Korea to invest W60b in securing materials, components technologies for future industries

South Korea will funnel 60 billion won ($40.4 million) by 2028 into expanding infrastructure for the development of materials and components technologies essential for advanced industries, such as artificial intelligence, the industry ministry said Wednesday. The investment will be used to build research facilities and equipment for the development and testing of technologies related to materials and components essential for the AI, advanced bio and other future industries, according to the Ministry of Trade, Industry and Energy.

In detail, the government will support the construction of infrastructure for the development of core materials for next-generation AI chips, messenger RNA-based drugs and others. The government will support efforts to secure materials and components for advanced industries aimed at stabilizing supply chains and the private sector's endeavors to achieve technological innovations, the ministry said. (Yonhap).