Sejong: South Korea has announced an ambitious plan to develop at least 1,900 internationally recognized industrial standards for 18 advanced industries by 2030. This initiative aims to bolster domestic companies' technological leadership in emerging fields, as revealed by the industry ministry on Monday.
According to Yonhap News Agency, the initiative is part of a five-year national basic plan focused on standards development. The government plans to support research and development projects by investing a total of 1.5 trillion won (approximately US$992.5 million) into creating standards for industries such as artificial intelligence (AI), quantum technology, and advanced manufacturing.
Kim Dae-ja, president of the Korean Agency for Technology and Standards under the ministry, emphasized the pivotal role of standards in the transition towards an innovation-driven advanced industrial structure. He pointed out that the development of industrial standards is crucial for advancing sectors like AI and digital transformation, underscoring the government's commitment to this strategic endeavor.