South Korea to Make 5G and AI Centerpieces of ‘Korean New Deal’
- State projects sought to stimulate virus-hit economy
- Budgets through 2022 to include funding for New Deal projects
This article is for subscribers only.
South Korea will make artificial intelligence and wireless communications centerpieces of what it is touting as a “New Deal” to create jobs and boost growth after the coronavirus pandemic subsides.
The government, in a statement Thursday, said it will promote AI and fifth-generation wireless technology to support the economy once the virus is brought under control. The statement said funding would come from a third emergency budget being drafted now and from annual budgets through 2022, but didn’t specify the amount.