The government will increase its investment in national informatization projects in order to realize the current administration's core visions of a creative economy and happiness for the people. Informatization projects include, among other things, developing new technologies in the information and communications technology (ICT) sector.
The Ministry of Science, ICT and Future Planning announced its implementation plan for national informatization in 2016 on Jan. 18. Under the plan, the government will invest some KRW 5.384 trillion this year in a total of 8,105 projects aimed at improving informatization across the country. This is up 3.3 percent, or up KRW 1.71 trillion from last year’s KRW 5.294 trillion.
By sector, the government has expanded investments in new ICTs, such as the Internet of Things (IoT), cloud computing and big data. It will inject KRW 135.6 billion into the IoT sector this year, a 96 percent increase over last year’s KRW 69.2 billion. Investments in cloud computing will rise to KRW 341.8 billion, up 76 percent from the previous year’s KRW 193.7 billion. The government’s investment in big data will jump to 145.3 billion in 2016, showing a 108 percent increase over last year’s KRW 69.8 billion.
The government will also carry out new projects in various sectors combined with ICTs, such as the arts & media, tourism, health & wellness, traffic and finance. It will invest KRW 2 billion and KRW 1.5 billion into the arts & media and tourism sectors, respectively. It aims to develop new technologies, such as "smart experience services" at tourist attractions, and information guides at museums and art galleries.
As for health & wellness, the government will invest KRW 9 billion in order to develop care service models customized to those who suffer from chronic illnesses or who are considered at high risk. It will inject KRW 3.7 billion into developing new ICT-based standard security technology programs to run traffic signals. In the finance industry, the government will spend KRW 3 billion in order to lay the foundation to help activate a new industry: "fintech," the combination of “financial” and “technology,” meaning software and hardware used at banks and investment companies.
Kang Seong Ju, director general at the ministry’s Internet convergence policy center, said, “Through our national informatization plan this year, we will actively invest in new ICT technologies, such as the IoT, cloud computing and big data, in order to foster new industries and to promote convenience and benefits for the citizens.”
By Yoon Sojung
Korea.net Staff Writer
Photo: Ministry of Culture, Sports and Tourism, Yonhap News
arete@korea.kr
The Ministry of Science, ICT and Future Planning announced its implementation plan for national informatization in 2016 on Jan. 18. Under the plan, the government will invest some KRW 5.384 trillion this year in a total of 8,105 projects aimed at improving informatization across the country. This is up 3.3 percent, or up KRW 1.71 trillion from last year’s KRW 5.294 trillion.
The government will increase investment in its national informatization projects throughout 2016 in order to realize its vision for a creative economy vision, to foster new industries and to promote happiness among the people. An automatic crop cultivation system is run through a mobile phone at the 2015 IoT International Exhibition last year in Seoul.
By sector, the government has expanded investments in new ICTs, such as the Internet of Things (IoT), cloud computing and big data. It will inject KRW 135.6 billion into the IoT sector this year, a 96 percent increase over last year’s KRW 69.2 billion. Investments in cloud computing will rise to KRW 341.8 billion, up 76 percent from the previous year’s KRW 193.7 billion. The government’s investment in big data will jump to 145.3 billion in 2016, showing a 108 percent increase over last year’s KRW 69.8 billion.
The government will also carry out new projects in various sectors combined with ICTs, such as the arts & media, tourism, health & wellness, traffic and finance. It will invest KRW 2 billion and KRW 1.5 billion into the arts & media and tourism sectors, respectively. It aims to develop new technologies, such as "smart experience services" at tourist attractions, and information guides at museums and art galleries.
As for health & wellness, the government will invest KRW 9 billion in order to develop care service models customized to those who suffer from chronic illnesses or who are considered at high risk. It will inject KRW 3.7 billion into developing new ICT-based standard security technology programs to run traffic signals. In the finance industry, the government will spend KRW 3 billion in order to lay the foundation to help activate a new industry: "fintech," the combination of “financial” and “technology,” meaning software and hardware used at banks and investment companies.
The government will expand its investment in the health & wellness sector by including ICT as part of its national informatization plan. Visitors to the 2015 Creative Economy Expo listen to an explanation about a robot designed to help disabled people who can't use their legs.
Kang Seong Ju, director general at the ministry’s Internet convergence policy center, said, “Through our national informatization plan this year, we will actively invest in new ICT technologies, such as the IoT, cloud computing and big data, in order to foster new industries and to promote convenience and benefits for the citizens.”
By Yoon Sojung
Korea.net Staff Writer
Photo: Ministry of Culture, Sports and Tourism, Yonhap News
arete@korea.kr
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