The headquarters of the Ministry of Economy and Finance in Sejong / Yonhap
The government will push for the development of cloud computing technologies to bolster the data infrastructure of the country as part of efforts to foster new growth engines, the finance ministry said.
The Ministry of Economy and Finance announced the plan as part of the new growth engine project, aimed at fostering new growth engines for the economy.
The government aims to create a cloud data center that uses homegrown artificial intelligence (AI) chips and establish a national AI computing center.
The ministry said it will also expand investment in bio and medical research and development projects to improve the country's response capabilities to infectious diseases.
In detail, it will support 14 vaccine development projects and 34 diagnosis and medical treatment development projects this year.
The projects will include developing virus treatments to respond to the so-called Disease X, which refers to pathogens that can lead to another pandemic, and gene treatment technologies.
The government will also devise an innovation strategy for the biohealth cluster and push for the installation of a quantum strategy committee as part of efforts to promote the growth of new industries, the ministry said. (Yonhap)