The Ministry of Trade, Industry and Resources in the central city of Sejong / Yonhap
The industry ministry said Tuesday it will provide a combined 300 billion won ($203.6 million) in support for projects aimed at facilitating the artificial intelligence (AI) and green transformation of industrial complexes.
The support will be offered over the next three to four years for nine projects aimed at creating the so-called smart and green industrial complexes, according to the Ministry of Trade, Industry and Resources. The ministry will first invest a combined 90 billion won in the projects this year.
Since 2019, the ministry has designated a total of 24 industrial complexes across the nation, including those in Changwon, Incheon, Daegu, Yeosu and Ulsan. These complexes are being used to push for AI and green transformation as part of a nationwide effort to foster innovation and eco-friendly growth of manufacturing industries.
"The government will do its utmost to support changes that can lead to stronger competitiveness of companies operating at the industrial complexes and the revitalization of regional economies," a ministry official said.
Source: Korea Times News
