According to Korean media, this initiative was made in the context of concerns that the number of postgraduate students majoring in science and technology will decrease sharply starting from 2027 due to a declining population, which could reduce Korea's competitiveness in the field of AI (artificial intelligence).
According to the policy of fostering talents in the scientific field just announced on November 7, within the next 5 years, the Korean Government will appoint 20 experts each year, who will be awarded the title of "national scientist" along with an annual research grant of 100 million won (68,600 USD) for each person.
The government will also strengthen math and science education at the elementary and middle school levels, and expand scholarship programs for students pursuing science and engineering degrees.
AI education for students majoring in science will also be enhanced to nurture new talents who seek innovation by integrating AI into other scientific fields.
Financial support programs will be expanded to allow graduates to focus on their research, with a goal of having 10% of them receive scholarships by 2030, compared to the current 1.3%.
In addition, 5% of total government spending will be allocated to R&D (r&D) projects to further promote innovation in the scientific field.
South Korean Minister of Science and Information Technology Bae Kyung-hoon said in a press release: "The government will aim to build an R&D ecosystem where outstanding talents can freely conduct research activities and get results."
