Seoul: South Korea will spend 247.5 billion won (US$172.7 million) this year on technology standardization of advanced industries, such as artificial intelligence (AI) and sixth-generation (6G) communications network, as part of efforts to bolster the country's competitiveness in the sectors, the industry ministry said Thursday.
According to Yonhap News Agency, the national standards review committee endorsed the investment plan aimed at developing technology standards for AI, semiconductor, 6G network, and other cutting-edge industries, as stated by the Ministry of Trade, Industry and Energy. The ministry also plans to support private companies' technology standard certification for exports.
Additionally, the government will launch a task force to devise a five-year plan for the development of standards for digital and AI technologies, as well as environmental, social and governance (ESG) frameworks, which will be implemented starting in 2026.