Science ministry's budget set at $13.2 bil. for 2025

A sign of Ministry of Science and ICT at its headquarters in Sejong / Courtesy of Ministry of Science and ICT The science ministry said Wednesday its budget for 2025 has been set at 18.9 trillion won ($13.2 billion), a 5.

47 percent increase from this year. The spending plan, passed by the National Assembly the previous day, will be aimed at promoting advancements in artificial intelligence (AI) and digital technologies, supporting innovative research and development (R&D) projects, expanding basic science research and expanding international cooperation, according to the Ministry of Science and ICT. In detail, the ministry will funnel 4.



3 trillion won into research projects related to game changer technologies, such as AI chips, advanced biology and quantum science. Some 3.56 trillion won has been set aside for creating a stable research environment for scientists and supporting basic science research projects.

Meanwhile, the government's combined 2025 budget for R&D, including that of the science ministry, rose 11.5 percent on-year to 29.6 trillion won.

(Yonhap).