Government Pledges Strong Support For Local AI And Robotics Companies

The government will provide comprehensive policy support to domestic artificial intelligence (AI) and robotics companies, aligning with its ambition to transform the country into a global AI powerhouse, Finance Minister Koo Yun-cheol announced on Friday, Azernews reports, citing Yonhap agency.

The minister made this commitment during a meeting with leaders from AI, robotics, and automotive industries, along with officials from related ministries and agencies. The meeting took place at Hyundai Motor Group's Robotics Lab headquarters in Uiwang, just south of Seoul.

This gathering is part of the government's proactive engagement with emerging technologies, following the release of the Lee Jae Myung administration's five-year economic development plan. The blueprint highlights AI as a key driver of growth and aims to establish a“super-innovation economy,” according to the Ministry of Economy and Finance.

Koo emphasized the unprecedented speed of change, noting that it is becoming increasingly difficult to keep pace. He warned that the global economy is entering a phase where“only the winner survives.”

“The government will deploy every available policy tool to fully support our companies, enabling them to develop world-class products and services in AI, robotics, and automotive sectors,” he said.

Participants also agreed that physical AI sectors-such as humanoid robots and autonomous vehicles-represent critical future growth industries. South Korea's strong manufacturing capabilities and advanced infrastructure provide it with a competitive edge in these fields.

Interestingly, experts at the meeting highlighted that South Korea's unique blend of cutting-edge technology and manufacturing prowess positions it to potentially lead the global AI robotics market within the next decade, provided that policy support and innovation continue to accelerate.

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