Home > Business > Tech

Gov't to invest 750 billion won in next 2 years to commercialize AI-enabled products

Published: 18 Mar. 2026, 11:32 Updated: 18 Mar. 2026, 17:28

Finance Minister Koo Yun-cheol is seen visiting a robotics company on Feb. 27. [YONHAP]

The government plans to inject a combined 750 billion won ($502.8 million) over the next two years to commercialize AI-enabled products, the Ministry of Economy and Finance said Wednesday.

The plan was finalized during a meeting of economy-related ministers chaired by Finance Minister Koo Yun-cheol, as part of a blueprint to build a "super-innovation economy" and accelerate an AI-driven economic transformation.

At the core of the initiative is support for developing and launching a total of 246 AI products and services, led by a consultative body involving 11 ministries.

"Despite strong progress in AI development, adoption in real-world settings has been slower than expected," a ministry official said. "The budget will focus on supporting products that can be brought to market within one to two years."

Under the plan, the government will allocate 613.5 billion won this year and 140.5 billion won next year, the ministry said.

This year's allocation marks the largest single program within the government's 2.4 trillion-won AI transformation budget.

Yonhap