{"id":123838,"date":"2026-03-18T15:04:28","date_gmt":"2026-03-18T10:04:28","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=123838"},"modified":"2026-03-18T15:04:28","modified_gmt":"2026-03-18T10:04:28","slug":"s-korea-to-invest-750-bil-won-in-next-2-yrs-to-commercialize-ai-enabled-products","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/s-korea-to-invest-750-bil-won-in-next-2-yrs-to-commercialize-ai-enabled-products\/","title":{"rendered":"S. Korea to invest 750 bil. won in next 2 yrs to commercialize AI-enabled products"},"content":{"rendered":"

SEOUL, Mar 18 (Kyodo\/\/APP): South Korea plans to inject a combined 750 billion won (US$502.8 million) over the next two years to commercialize artificial intelligence (AI)-enabled products, the finance ministry said Wednesday.<\/p>\n

The plan was finalized during a meeting of economy-related ministers chaired by Finance Minister Koo Yun-cheol, as part of a blueprint to build a \u201csuper-innovation economy\u201d and accelerate an AI-driven economic transformation.<\/p>\n

At the core of the initiative is support for developing and launching a total of 246 AI products and services, led by a consultative body involving 11 ministries.<\/p>\n

\u201cDespite strong progress in AI development, adoption in real-world settings has been slower than expected,\u201d a ministry official said. \u201cThe budget will focus on supporting products that can be brought to market within one to two years.\u201d<\/p>\n

Under the plan, the government will allocate 613.5 billion won this year and 140.5 billion won next year, the ministry said.<\/p>\n

This year\u2019s allocation marks the largest single program within the government\u2019s 2.4 trillion-won AI transformation budget.<\/p>\n","protected":false},"excerpt":{"rendered":"

SEOUL, Mar 18 (Kyodo\/\/APP): South Korea plans to inject a combined 750 billion won (US$502.8 million) over the next two years to commercialize artificial intelligence (AI)-enabled products, the finance ministry said Wednesday. The plan was finalized during a meeting of economy-related ministers chaired by Finance […]<\/p>\n

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