Five government offices, including the Ministry of Science, I-C-T and Future Planning, have outlined their action plans for the year for Acting President and Prime Minister Hwang Kyo-ahn.
In a briefing Friday, the officials said their focus will be on bolstering the government's growth initiatives and its vision of achieving a smart information society through I-C-T innovation.
The ministries also pledged to work toward creating a healthy startup eco-system through the expansion of the government's creative economy initiative.
"The acting president thinks that the 17 Creative Economy and Innovation Centers nationwide have greatly contributed to building a business and growth platform for small-and-medium-sized companies and creating the largest startup boom the country has seen in years."
Other steps include increasing Korea's I-C-T competitiveness on the global stage by making policies focused on meeting researchers' needs, creating new markets and services through convergence and innovation, and supporting state projects involving smart IT to better prepare for the so-called Fourth Industrial Revolution.
To do that, the science ministry says it will increase the amount of research and development funding for basic science to more than 738-million U.S. dollars this year.
It will also provide research funds of up to 25.2-million dollars per person for one-thousand young scientists this year.
The ministry also designated ten sectors, including the Internet-of-Things, smart cars and artificial intelligence, that it will seek to aid in generating business opportunities and profits and creating new services and markets.
In particular, it aims to promote the commercialization of fifth-generation LTE internet connectivity by 2020.
It will also help increase investment in the field of new medicine and the bio sector to more than 106.9-million dollars this year.
"The culture ministry says it will make use of virtual reality and augmented reality technologies to boost tourism and culture content, while the Korea Communications Commission says it will work toward incorporating ultra-high-definition TV into local terrestrial channels ahead of the 2018 Pyeongchang Winter Olympics.
Kim Ji-yeon, Arirang News."