Government to invest 1.2 trillion won in digital new deal this year… 5G·AI investment in earnest

Input 2021.01.06 18:33 | Revision 2021.01.06 19:42

The government will invest 1.2 trillion won in the digital new deal this year. It is more than three times larger than last year’s 3.5 trillion won. The plan is to strengthen technologies such as 5G (generation) communication and artificial intelligence (AI), and to build an infrastructure related to shopping and non-face-to-face education activated by Corona 19.

The Ministry of Science, ICT and ICT announced that it had decided on a plan to implement the 2021 Digital New Deal with such contents at a meeting of ministers related to the Korean Pan New Deal. Digital New Deal is a national project that creates about 900,000 jobs by investing a total of 58,200 trillion won (government fund 44,800 billion won) by 2025 to accelerate the digital transformation of society and economy as a whole.

Of the 1.27 trillion won, state-funded investment is 7.600 billion won. First, in the field of’data, network, and AI economic structure advancement’, a total of 9.9 trillion won, including 5,200 billion won, will be invested. Among them, 2925 billion won will be invested to promote the use of public and private data by constructing 150 additional Korean’AI learning data’ and opening 44,000 public data (cumulative 142,000). A digital collection, an integrated platform, will be built so that anyone can easily access national knowledge information.

In addition, in order to create a new digital-based market, it will activate a convergence service that combines AI and 5G in industrial sites. For early construction of 5G networks, 5G equipment is included in the tax credit for commercialization of new growth technologies. It also included the provision of 6,000 smart factories for AI convergence and diffusion, and the development of autonomous driving level 4 technology with a total project cost of 1.1 trillion won from this year to 2027.

It will also invest 122.3 billion won in 6G technology and AI semiconductors to fully invest in future technologies. The’Smart Korea Fund’, which invests in non-face-to-face technology companies, will be created with a scale of over 1 trillion won, and 200 promising non-face-to-face start-ups will be discovered to support 30 billion won in commercialization.

A total of 2.1 trillion won, including 1.8 trillion won in national expenditure, is invested in the’SOC digitization’ project, another axis of the Digital New Deal. The goal is to build an intelligent transportation system (ITS) on 45% of national highways by investing 5197 billion won to commercialize the world’s first fully autonomous driving in 2027. By investing 295 billion won, the IoT (Internet of Things) sensor for facility detection will be installed on the railroad tracks, and railroad facility management will be smart.

A total of 700 billion won, including 600 billion won national expenditure, will be invested in the’non-face-to-face infrastructure expansion’ field such as smart education and medical care. It will build high-performance Wi-Fi in 270,000 rooms, including elementary and middle school general classrooms, and distribute up to 80,000 tablet PCs. In relation to non-face-to-face business, it will also provide vouchers worth 20.2 billion won to 60,000 SMEs. It is a support to promote the smart digitalization of these companies.

An official from the Ministry of Science and ICT said, “This year’s 2nd year project will be an important opportunity to determine the success or failure of the entire business,” he said. “I will surely produce tangible results by stabilizing the Digital New Deal business and strengthening policies.”