How is S.Korea Planning to Lead the Quantum Industry?
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Key Takeaways
Seoul, Jan 29 (NationPress) On Thursday, South Korea's science ministry introduced a detailed plan to advance the quantum sector, with ambitions to become the leading producer of quantum chips globally by 2035.
The Ministry of Science and ICT outlined a strategy to cultivate 10,000 specialists in quantum technology and support the growth of 2,000 enterprises, aiming to secure indigenous quantum innovations that could revolutionize industries, particularly in the artificial intelligence (AI) domain, as reported by Yonhap News Agency.
By July, the government intends to identify five sites to create what are termed 'quantum clusters', which will spearhead the country's transition into a quantum future, according to the ministry.
Science Minister Bae Kyung-hoon remarked, 'Quantum technology is a significant innovation that will define a nation’s competitive edge in the post-AI landscape.' He emphasized that the government will leverage all national resources across industries, academia, research institutions, and the public sector to establish South Korea as a global leader in quantum technology and industry through this comprehensive initiative.
Additionally, the ministry has signed a memorandum of understanding with the US-based quantum computing firm IonQ to facilitate the establishment of a joint research center in South Korea, with an investment of US$15 million over the next three years.
Leading South Korean corporations, including Samsung Electronics, LG Electronics, and SK Telecom Co., have also formed a quantum technology consultative body to enhance collaboration, as stated by the ministry.
Earlier this month, it was announced that the ministry plans to allocate $5.6 billion for research and development in science and information and communications technology by 2026.
This budget, which reflects an increase of 25.4% from the previous year, consists of 6.44 trillion won for science and technology and 1.68 trillion won for ICT, according to the Ministry of Science and ICT.
The ministry highlighted that this expanded budget aims to foster innovation-led growth amid global economic challenges and persistent low growth, while also propelling South Korea towards becoming one of the top three powers in artificial intelligence.
In the realm of science and technology, the government plans to enhance investments in future technologies, such as biotechnology and quantum science, while reinforcing core technologies to maintain a competitive advantage in essential industries like semiconductors and secondary batteries.