South Korea previously announced that it would invest 23.5 trillion won in significant R&D projects such as microchips, 6G, and autonomous driving.

In addition to the Ministry of Science and ICT funds, Korean companies also invest in major R&D projects.

Samsung Electronics is investing in 12 national R&D projects covering advanced artificial intelligence, next-generation encryption systems, 5G and 6G, robotics, next-generation display technology, and semiconductor devices and processes.

Samsung Electronics is investing in two advanced artificial intelligence projects, one of which will be conducted under Hwang Do-shik, professor of electrical and electronic engineering at Yonsei University. Another project is on next-generation encryption systems will be led by Song Yong-soo, a computer professor at Seoul National University.

Samsung Electronics has been investing in supporting national-level R&D projects since 2013, selecting projects in basic science, materials engineering, and the Internet of Things for investment twice a year.

From 2013 to date, Samsung Electronics has invested in 682 national-level R&D projects, including 229 basic science projects, 224 material engineering projects, and 229 IoT-related projects, with a cumulative investment of 88.65 billion won.