The government aims to first build the foundation for various platform economies and move on to expanding them throughout the country. (image: Pixabay)
SEJONG, Jun. 13 (Korea Bizwire) — The South Korean government plans to speed up the process of innovative growth by creating a multidisciplinary network that connects the platform economy, including artificial intelligence (AI), data, and hydrogen economies, with other industries.
The government aims to first build the foundation for various platform economies and move on to expanding them throughout the country.
The government held a meeting on Wednesday and finalized plans on expanding platform economies.
The government will invest 8 billion won (US$6.7 million) by 2022 to develop an AI-based immigration inspection system that automatically identifies travelers through facial recognition.
The system will be installed at Incheon International Airport for a test run.
By 2026, the government will invest 40.9 billion won to improve the social security information system by using big data technology, and build an integrated platform that brings together various services, including social security, voucher programs, and childcare, currently dispersed throughout a number of agencies.
By 2021, the government will build an AI-based comprehensive information system that uses big data technology to predict supply and demand of agricultural products.
This year, the government will also look into the possibility of establishing a manufacturing data network that collects big data produced at a smart factory and uses it for various purposes.
The government will spend 1.5 trillion won this year to support the top three platform economies including AI, data, and the hydrogen industry, as well as to train experts and professionals in relevant fields.
The government has increased support for R&D to acquire core AI technologies and necessary infrastructure, including data, algorithms, and computing resources.
Korea Advanced Institute of Science and Technology (KAIST), Korea University and Sunkyunkwan University will open up graduate schools of AI studies in September to train experts and professionals.
Kevin Lee (kevinlee@koreabizwire.com)
