SEOUL — South Korea is poised to become the first Asian nation to join Horizon Europe, the world's premier research and innovation funding initiative, as announced by the country's science ministry on Monday. Science Minister Lee Jong-ho, alongside European counterpart Iliana Ivanova, finalized Seoul's entry into the European Union's (EU) research and innovation scheme.
According to Yonhap News Agency, both nations have consented to carry out their respective domestic formalities to seal the agreement officially. Following the finalization, South Korea will join as the first Asian and third non-EU associate member of Horizon Europe, starting next year. The country will participate in Pillar II of the program, which aims at conducting collaborative research to tackle global challenges and enhance industrial competitiveness.
The ministry highlighted that South Korea's inclusion in Horizon Europe reflects the EU's acknowledgment of its significant advancements in science, technology, and innovation, and its adherence to open-market principles. Currently, only New Zealand and Canada are part of the program, which boasts a budget of 95.5 billion euros ($103.3 billion) for the 2021-2027 period.
Minister Lee emphasized the benefits of joining Horizon Europe, stating it will foster greater collaboration and boost research competitiveness between Korea and the EU through shared projects. He affirmed the commitment to finalizing the association agreement by year's end, allowing Korean researchers to commence participation as an associated country from 2025.