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The Ministry of Science and ICT will invest 17.5 trillion won in the Korean New Deal and post-COVID response.
Published2020.12.03 15:20The Ministry of Science and ICT's budget for next year will increase by 1.2 trillion won to 17.5 trillion won.
Korea's New Deal focuses on fundamental research and fostering three new industries.
The government's R&D budget increased by 13.1% to KRW 27.4 trillion compared to 2020.
The Ministry of Science and ICT announced on the 2nd that the 2021 budget and fund management plan totaling 17.5154 trillion won was finalized through a plenary session of the National Assembly.
This is an increase of KRW 1.2086 trillion (7.4%) from KRW 16.3069 trillion in 2020, and the budget for the Korean New Deal, basic and original research and development, fostering three new industries, realizing an inclusive society, and responding to infectious diseases has been expanded.
◇ 2 trillion won invested in the Korean New Deal, 6 trillion won in research on small business and small business owners.
The Ministry of Science and ICT will invest 1.9366 trillion won in the Korean New Deal, an increase of 1.103 trillion won (132.3%) from last year.
To achieve digital transformation of the nation and industry and create jobs, a total of KRW 1.5315 trillion will be invested in the Digital New Deal, an increase of KRW 882.4 billion (136.0%). A total of KRW 61 billion, an increase of KRW 28.2 billion (85.9%) from last year, will be reflected in the Green New Deal, including carbon resource utilization, energy efficiency improvement, fine dust reduction, and hydrogen technology development.
Researcher-led basic research and localization of materials, components, and equipment, space and nuclear powerThe budget for self-reliant technology development, technology commercialization, etc. was 5.9938 trillion won, an increase of 432 billion won (7.8%) from last year.
In particular, the budget for basic research through open competition, in which researchers proactively propose research topics, periods, etc., was significantly expanded by KRW 291 billion to KRW 1.7907 trillion, and the budget was set at KRW 60 billion, an increase of KRW 30 billion from the government plan, to support the commercialization of small and medium-sized enterprises (SMEs) or to designate additional SMEs and SMEs and to revitalize the local economy.
To foster three new industries—biohealth, AI semiconductors, and future vehicles—KRW 710.4 billion will be invested, a KRW 190.3 billion (36.6%) increase from last year. We plan to expand full-cycle support for new biotechnologies, including medical devices and new drugs, and develop Processing-In-Memory (PIM) semiconductor technology to enhance AI computing performance and power efficiency.
To achieve an inclusive society, including by bridging the digital divide and fostering creative talent, the government will provide KRW 1.5179 trillion in support, a KRW 277.6 billion (22.4%) increase from last year. This includes expanding support for the return of female scientists and engineers after career breaks and the development of key AI and software talent. Furthermore, the government plans to strengthen digital accessibility by operating 1,000 digital learning centers and expanding communications infrastructure.
In addition, KRW 139.4 billion was allocated for post-COVID-19 and disaster response, an increase of KRW 49.2 billion (54.6%) from this year, and KRW 3.5981 trillion was allocated for postal services, a decrease of KRW 349.8 billion (△8.9%) from this year. The main uses are as follows (in order of amount):
▲ Basic research (individual/group): ('20 supplementary budget) KRW 1.4997 trillion → ('21) KRW 1.7907 trillion
▲ Data Voucher Support: ('20) 1,064 billion won → ('21) 123 billion won
▲ (New) Multi-Ministry National Life Research Resources Advancement Project: ('21) KRW 78.7 billion
▲ Digital capacity building training (including digital learning center operation): (2020 supplementary budget) 50.3 billion won → (2021) 75.7 billion won
▲ Expansion and construction of wireless Internet infrastructure: ('20) 420 billion → ('21) 63 billion won
▲ Support for commercialization of Gangso Special Economic Zones: ('20 supplementary budget) KRW 325 billion → ('21) KRW 60 billion
▲ Inter-ministerial full-cycle medical device research and development project: ('20) 296 billion → ('21) 59.6 billion won
▲ Enhanced Hacking and Virus Response System: ('20) 266 → ('21) 52.8 billion won
▲ AI + X Project: ('20 supplementary budget) 211 → ('21) 50.3 billion won
▲ (New) Autonomous Driving Technology Development Innovation Project: ('21) KRW 24.9 billion
▲ AI Core Talent Development: ('20) 130 → ('21) 18 billion won
▲ Fostering and supporting female scientists and engineers: ('20) 140 billion → ('21) 16 billion won
▲ (New) Development of a new concept PIM semiconductor leading technology: ('21) KRW 11.5 billion
▲ (New) Development of core technologies for a platform to respond to new and variant infectious diseases: ('21) KRW 10.2 billion
▲ (New) Space Pioneer: ('21) 7.7 billion won
▲ (New) Support for Research Operations at the Institute for Basic Science (Operation of the Virus Basic Research Institute): (';21) 5.5 billion won
▲ (New) Multi-Ministry National Life Research Resources Advancement Project (Research Resource Center Operation): ('21) KRW 5.4 billion
▲ (New) AI Precision Medical Solution - Doctor Answer 2.0: ('21) 5 billion won
▲ (New) Creation of a one-person media complex: ('21) 4.4 billion won
▲ (New) Development of future hydrogen source technology: ('21) KRW 3.3 billion
▲ (New) Large-scale integrated carbon capture and storage (CCS) demonstration and establishment of a foundation for commercialization of carbon capture and utilization (CCU): ('21) KRW 3.5 billion
◇ Government R&D budget focuses on post-COVID response and technological independence.
The government's R&D budget has increased by KRW 201.5 billion from the government plan (KRW 27.2003 trillion), reaching KRW 27.4018 trillion, an increase of KRW 3.1823 trillion (13.1%) from this year. The funds will be primarily used for infectious disease response, the Korean New Deal, carbon neutrality, three new industries for innovative growth, and materials, parts, and equipment. The main uses are as follows (in order of value):
▲ Materials and Components Technology Development Project (Ministry of Trade, Industry and Energy): ('20) 602.7 billion won → ('21) 886.6 billion won
▲ Inter-ministerial full-cycle medical device research and development project (Ministry of Science and ICT, Ministry of Trade, Industry and Energy, Ministry of Health and Welfare): ('20) 932 billion won → ('21) 190.3 billion won
▲ Clinical Trial Support for COVID-19 Treatments and Vaccines (Ministry of Health and Welfare): (2020 Supplementary Budget) KRW 940 billion → (2021) KRW 131 billion
▲ Development of next-generation intelligent semiconductor technology (Ministry of Science and ICT and Ministry of Trade, Industry and Energy): ('20) 891 billion won → ('21) 122.3 billion won
▲ SME Technology Innovation Development (Ministry of SMEs and Startups, Small Business Administration Accounting): ('20) KRW 76.4 billion → ('21) KRW 104.7 billion
▲ (New) Autonomous Driving Technology Development Innovation Project (Ministry of Science and ICT, Ministry of Trade, Industry and Energy, Ministry of Land, Infrastructure and Transport, National Police Agency): ('21) KRW 88.4 billion
▲ (New) Supply and Demand Management Technology (Ministry of Trade, Industry and Energy): ('21) KRW 32 billion
▲ Development of Digital Innovation Technology for Non-Face-to-Face Business (Ministry of Science and ICT): (2020 Supplementary Budget) 17.5 billion → (2021) 20.6 billion won
▲ (New) 6G Core Technology Development (Ministry of Science and ICT): ('21) KRW 17.2 billion
▲ Aquatic Ecosystem Health Technology Development Project (Ministry of Environment): ('20)60 → ('21) KRW 11.6 billion
▲ (New) Industrial Innovation Infrastructure Development (Ministry of Trade, Industry and Energy): ('21) KRW 11 billion
▲ (New) Development of quarantine supplies tailored to on-site needs (Ministry of SMEs and Startups): ('21) KRW 8.9 billion
As the '2021 Budget and Fund Management Plan' was confirmed at the National Assembly on this day, the Ministry of Science and ICT has prepared the 2021 Comprehensive Implementation Plan for Research and Development Projects, etc.We plan to prepare and announce a final business plan.
Korea's New Deal focuses on fundamental research and fostering three new industries.
The government's R&D budget increased by 13.1% to KRW 27.4 trillion compared to 2020.
The Ministry of Science and ICT announced on the 2nd that the 2021 budget and fund management plan totaling 17.5154 trillion won was finalized through a plenary session of the National Assembly.
Ministry of Science and ICT
This is an increase of KRW 1.2086 trillion (7.4%) from KRW 16.3069 trillion in 2020, and the budget for the Korean New Deal, basic and original research and development, fostering three new industries, realizing an inclusive society, and responding to infectious diseases has been expanded.
◇ 2 trillion won invested in the Korean New Deal, 6 trillion won in research on small business and small business owners.
The Ministry of Science and ICT will invest 1.9366 trillion won in the Korean New Deal, an increase of 1.103 trillion won (132.3%) from last year.
To achieve digital transformation of the nation and industry and create jobs, a total of KRW 1.5315 trillion will be invested in the Digital New Deal, an increase of KRW 882.4 billion (136.0%). A total of KRW 61 billion, an increase of KRW 28.2 billion (85.9%) from last year, will be reflected in the Green New Deal, including carbon resource utilization, energy efficiency improvement, fine dust reduction, and hydrogen technology development.
Researcher-led basic research and localization of materials, components, and equipment, space and nuclear powerThe budget for self-reliant technology development, technology commercialization, etc. was 5.9938 trillion won, an increase of 432 billion won (7.8%) from last year.
In particular, the budget for basic research through open competition, in which researchers proactively propose research topics, periods, etc., was significantly expanded by KRW 291 billion to KRW 1.7907 trillion, and the budget was set at KRW 60 billion, an increase of KRW 30 billion from the government plan, to support the commercialization of small and medium-sized enterprises (SMEs) or to designate additional SMEs and SMEs and to revitalize the local economy.
To foster three new industries—biohealth, AI semiconductors, and future vehicles—KRW 710.4 billion will be invested, a KRW 190.3 billion (36.6%) increase from last year. We plan to expand full-cycle support for new biotechnologies, including medical devices and new drugs, and develop Processing-In-Memory (PIM) semiconductor technology to enhance AI computing performance and power efficiency.
To achieve an inclusive society, including by bridging the digital divide and fostering creative talent, the government will provide KRW 1.5179 trillion in support, a KRW 277.6 billion (22.4%) increase from last year. This includes expanding support for the return of female scientists and engineers after career breaks and the development of key AI and software talent. Furthermore, the government plans to strengthen digital accessibility by operating 1,000 digital learning centers and expanding communications infrastructure.
In addition, KRW 139.4 billion was allocated for post-COVID-19 and disaster response, an increase of KRW 49.2 billion (54.6%) from this year, and KRW 3.5981 trillion was allocated for postal services, a decrease of KRW 349.8 billion (△8.9%) from this year. The main uses are as follows (in order of amount):
▲ Basic research (individual/group): ('20 supplementary budget) KRW 1.4997 trillion → ('21) KRW 1.7907 trillion
▲ Data Voucher Support: ('20) 1,064 billion won → ('21) 123 billion won
▲ (New) Multi-Ministry National Life Research Resources Advancement Project: ('21) KRW 78.7 billion
▲ Digital capacity building training (including digital learning center operation): (2020 supplementary budget) 50.3 billion won → (2021) 75.7 billion won
▲ Expansion and construction of wireless Internet infrastructure: ('20) 420 billion → ('21) 63 billion won
▲ Support for commercialization of Gangso Special Economic Zones: ('20 supplementary budget) KRW 325 billion → ('21) KRW 60 billion
▲ Inter-ministerial full-cycle medical device research and development project: ('20) 296 billion → ('21) 59.6 billion won
▲ Enhanced Hacking and Virus Response System: ('20) 266 → ('21) 52.8 billion won
▲ AI + X Project: ('20 supplementary budget) 211 → ('21) 50.3 billion won
▲ (New) Autonomous Driving Technology Development Innovation Project: ('21) KRW 24.9 billion
▲ AI Core Talent Development: ('20) 130 → ('21) 18 billion won
▲ Fostering and supporting female scientists and engineers: ('20) 140 billion → ('21) 16 billion won
▲ (New) Development of a new concept PIM semiconductor leading technology: ('21) KRW 11.5 billion
▲ (New) Development of core technologies for a platform to respond to new and variant infectious diseases: ('21) KRW 10.2 billion
▲ (New) Space Pioneer: ('21) 7.7 billion won
▲ (New) Support for Research Operations at the Institute for Basic Science (Operation of the Virus Basic Research Institute): (';21) 5.5 billion won
▲ (New) Multi-Ministry National Life Research Resources Advancement Project (Research Resource Center Operation): ('21) KRW 5.4 billion
▲ (New) AI Precision Medical Solution - Doctor Answer 2.0: ('21) 5 billion won
▲ (New) Creation of a one-person media complex: ('21) 4.4 billion won
▲ (New) Development of future hydrogen source technology: ('21) KRW 3.3 billion
▲ (New) Large-scale integrated carbon capture and storage (CCS) demonstration and establishment of a foundation for commercialization of carbon capture and utilization (CCU): ('21) KRW 3.5 billion
◇ Government R&D budget focuses on post-COVID response and technological independence.
The government's R&D budget has increased by KRW 201.5 billion from the government plan (KRW 27.2003 trillion), reaching KRW 27.4018 trillion, an increase of KRW 3.1823 trillion (13.1%) from this year. The funds will be primarily used for infectious disease response, the Korean New Deal, carbon neutrality, three new industries for innovative growth, and materials, parts, and equipment. The main uses are as follows (in order of value):
▲ Materials and Components Technology Development Project (Ministry of Trade, Industry and Energy): ('20) 602.7 billion won → ('21) 886.6 billion won
▲ Inter-ministerial full-cycle medical device research and development project (Ministry of Science and ICT, Ministry of Trade, Industry and Energy, Ministry of Health and Welfare): ('20) 932 billion won → ('21) 190.3 billion won
▲ Clinical Trial Support for COVID-19 Treatments and Vaccines (Ministry of Health and Welfare): (2020 Supplementary Budget) KRW 940 billion → (2021) KRW 131 billion
▲ Development of next-generation intelligent semiconductor technology (Ministry of Science and ICT and Ministry of Trade, Industry and Energy): ('20) 891 billion won → ('21) 122.3 billion won
▲ SME Technology Innovation Development (Ministry of SMEs and Startups, Small Business Administration Accounting): ('20) KRW 76.4 billion → ('21) KRW 104.7 billion
▲ (New) Autonomous Driving Technology Development Innovation Project (Ministry of Science and ICT, Ministry of Trade, Industry and Energy, Ministry of Land, Infrastructure and Transport, National Police Agency): ('21) KRW 88.4 billion
▲ (New) Supply and Demand Management Technology (Ministry of Trade, Industry and Energy): ('21) KRW 32 billion
▲ Development of Digital Innovation Technology for Non-Face-to-Face Business (Ministry of Science and ICT): (2020 Supplementary Budget) 17.5 billion → (2021) 20.6 billion won
▲ (New) 6G Core Technology Development (Ministry of Science and ICT): ('21) KRW 17.2 billion
▲ Aquatic Ecosystem Health Technology Development Project (Ministry of Environment): ('20)60 → ('21) KRW 11.6 billion
▲ (New) Industrial Innovation Infrastructure Development (Ministry of Trade, Industry and Energy): ('21) KRW 11 billion
▲ (New) Development of quarantine supplies tailored to on-site needs (Ministry of SMEs and Startups): ('21) KRW 8.9 billion
As the '2021 Budget and Fund Management Plan' was confirmed at the National Assembly on this day, the Ministry of Science and ICT has prepared the 2021 Comprehensive Implementation Plan for Research and Development Projects, etc.We plan to prepare and announce a final business plan.
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