Seoul, April 27 (IANS) President Lee Jae Myung on Monday met with Demis Hassabis, co-founder and CEO of Google DeepMind, to discuss cooperation on the responsible use of artificial intelligence (AI) and global partnerships.Lee highlighted the government’s strong interest in AI and plans to ramp up investment during the meeting, as Hassabis was in South Korea for talks on expanding collaboration, including on a government-led initiative to advance AI-driven science and technology, reports Yonhap …
Latest Ministry of Science and ICT News & Updates
Seoul, April 14 (IANS) South Korea’s exports of information and communication technology (ICT) products more than doubled in March from a year earlier, driven by strong semiconductor demand amid the global artificial intelligence (AI) boom, government data showed on Tuesday.Outbound ICT shipments reached US$43.51 billion last month, up from $20.52 billion a year earlier, according to the data from the Ministry of Science and ICT, reports Yonhap news agency.This marks the first time that monthly …
Seoul, April 9 (IANS) The United States’ recent adjustment of its metal tariffs will likely reduce the overall administrative burden on South Korean companies, though the impact may differ by item, Seoul’s trade minister said on Thursday, vowing efforts to help companies minimise their burden.Trade Minister Yeo Han-koo made the assessment during a meeting with officials from industries affected by U.S. tariffs on steel, aluminum and copper imports, as well as their derivatives, according to the …
Seoul, March 12 (IANS) Foreign investment in the South Korean stock market recorded its largest ever monthly net outflow in February amid growing caution over a potential artificial intelligence (AI) bubble and profit-taking, central bank data showed on Thursday.Offshore investors sold a net $13.5 billion worth of local equities last month, following $500 million worth of net selling in January, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.The February figure ma…
Singapore, March 2 (IANS) President Lee Jae Myung said on Monday that South Korea will push to create a global investment fund in Singapore by 2030 to attract investments worth $300 million in startups and the artificial intelligence (AI) sector.Lee made the commitment during the AI Connect Summit in Singapore, where company and government officials and experts in the AI sector of both countries gathered to seek joint research and investment opportunities, reports Yonhap news agency.”We are now …
Seoul, Feb 20 (IANS) Science Minister Bae Kyung-hoon on Friday co-chaired the Global Partnership on Artificial Intelligence (GPAI) council meeting with Singapore in New Delhi, discussing global strategies to promote human-centric artificial intelligence (AI), the science ministry said.The GPAI is a partnership of 44 countries, including members of the Organization for Economic Cooperation and Development (OECD), promoting the development and use of AI under the OECD AI Principles. South Korea an…
Seoul, Feb 19 (IANS) Science Minister Bae Kyung-hoon shared South Korea’s vision and latest policies in the artificial intelligence (AI) industry on Thursday at a global technology conference held in India, the ministry said.Bae took part in the ‘India AI Impact Summit 2026’, which kicked off on Thursday in New Delhi for a two-day run, sharing visions on utilising AI technology to serve the common values of humanity, according to the Ministry of Science and ICT.The ministry said the summit s…
Seoul, Feb 14 (IANS) Exports by South Korea’s 10 largest companies accounted for nearly 40 per cent of all outbound shipments last year, reaching a record high, largely driven by strong semiconductor sales, government data showed on Saturday.In 2025, outbound shipments by the top 10 exporters accounted for 39 per cent of the country’s total exports, up 2.4 percentage points from a year earlier, according to the data by the Ministry of Data and Statistics, reports Yonhap news agency.”The concentr…
Seoul, Feb 11 (IANS) Science Minister Bae Kyung-hoon said on Wednesday that the government has been conducting a probe into the South Korean unit of US-listed e-commerce giant Coupang under principle without discrimination, refuting criticism from the US political circle.Bae made the remark during a parliamentary session, after the US House Judiciary Committee began investigating what it has called South Korea’s “discriminatory targeting” of American companies last Thursday (US time), reports Yo…
Seoul, Jan 29 (IANS) South Korea’s science ministry on Thursday unveiled the road map to foster the quantum industry, aiming to become the world’s top quantum chip producer by 2035.The Ministry of Science and ICT stated that the plan includes fostering 10,000 experts in the field and nurturing 2,000 businesses, to secure homegrown quantum technologies that can deliver industrial breakthroughs by building advancements in the artificial intelligence (AI) sector, Yonhap news agency reported.The gov…