Aug. 25 - Yonhap News Agency reported.South KoreaThe government released the "New Government Economic Growth Strategy" on the 22nd, which plans to "build on the strengths of the new government's economic growth strategy".AI（We are promoting 30 leading-edge technology projects led by companies with the goals of "Great Transformation (AI)" and "Ultra-Innovative Economy".
According to the report, Deputy Prime Minister for Economy and Minister of Planning and Finance Goh Yun Chul chaired a joint press conference of relevant departments on the same day and released the said strategy. In President Lee Jae-myung's proposed "AI Three Powers, Potential Economic Growth Rate 3%, Five World PowersUnder the vision of "technology-driven growth", the government has proposed four policy directions: "technology-driven growth", "inclusive growth", "equitable growth" and "sustainable growth". The government recognizes that the momentum of Korea's economic growth is being reduced. The Government believes that the momentum of Korea's economic growth is weakening.The next five years are the "last golden years" for a major AI transformation..
Specifically, the government will promote the "Great AI Transformation" in all areas of the economy and society, including supporting enterprises to carry out a number of key AI projects with the goal of building a "physical AI powerhouse"; utilizing AI technology to promote public service innovation; strengthening AI education for all; and accelerating the improvement of AI-related infrastructure. The government will support enterprises to carry out a number of key AI projects with the goal of building a "physical AI powerhouse"; utilize AI technology to promote public service innovation; strengthen AI education for all; and accelerate the improvement of AI-related infrastructure. With regard to the super innovative economy, the government will promote 15 key projects in the fields of materials and components, climate, energy, and future challenges, biomedicine, cultural and creative content, cosmetics, and food.
In support of relevant strategies.The government will set up the 100 trillion won(Note: current exchange rate is about 516.7 billion yuan) of the "National Growth Fund" (provisional translation) for the development of AI future strategic industries, energy infrastructure, as well as related technology and venture capital enterprises.