City
Epaper

South Korea to start joint project with ASEAN for digital innovation

By IANS | Updated: January 16, 2025 09:40 IST

Seoul, Jan 16 The science ministry here said on Thursday it will begin a five-year joint project with ...

Open in App

Seoul, Jan 16 The science ministry here said on Thursday it will begin a five-year joint project with the Association of Southeast Asian Nations (ASEAN) worth $30 million this year to foster digital innovation in the ASEAN region.

The Ministry of Science and ICT said it will discuss the details of the project at the two-day ASEAN Digital Ministers Meeting to be held through Friday.

The project is aimed at applying South Korea's advanced digital technologies in ASEAN nations to facilitate their digital transformation and foster economic growth, reports Yonhap news agency.

In detail, the two sides will invest a combined $30 million from their cooperation fund until 2029 to create data and advanced computing infrastructure in the region.

The fund will also be used to develop human resources and artificial intelligence (AI) solutions.

"It is now time for all countries to accelerate their digital transformation to foster sustainable and innovative growth," Second Vice Science Minister Kang Do-hyun said in a press release.

Meanwhile, Kang, who is attending the ongoing event, was set to hold a trilateral meeting with his counterparts from the United States and Japan to discuss cooperation in AI and other sectors, according to the ministry.

South Korea's exports of information and communication technology (ICT) products jumped 24 per cent in December from a year earlier, helped by robust sales of semiconductors.

Outbound shipments of ICT products came to $22.66 billion last month, compared with $18.25 billion a year earlier, the Ministry of Science and ICT said in a press release. The country's ICT imports in December stood at $13.32 billion, resulting in a trade surplus of $9.33 billion in the sector.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

NationalNMCG approves key projects for Ganga rejuvenation via ecosystem restoration

NationalPakistan is at war with itself, says Assam CM

Entertainment"It's not my 'space' but u made me feel so comfortable": Shah Rukh Khan thanks Sabyasachi for his Met Gala debut

CricketMS Dhoni Injured? Coach Eric Simons Gives BIG Fitness Update Ahead of KKR vs CSK IPL 2025 Match

BusinessTrade deal with India will raise living standards, deepen ties: UK PM Keir Starmer

Business Realted Stories

BusinessIndia to drop tariffs to ‘nothing’, says Trump

BusinessUSISPF congratulates India, UK for finalising free trade agreement

BusinessCentre ropes in top European firm Rhenus to run barges on India’s inland waterways

BusinessEU top priority for FTA because of our traditional links: Nirmala Sitharaman

BusinessCaptains of trade and industry hail landmark India-UK free trade pact