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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
Updated on

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.