The Korea New Deal aims to boost the economy and create jobs by focusing on digital and contact-free industries. It was developed to respond to the COVID-19 crisis and speed up digital transformation in Korea. This initiative benefits businesses and workers by improving data infrastructure and expanding high-speed internet access.
Name in original language
한국판 뉴딜 전략
Initiative overview
To increase potential growth by accelerating innovative growth in response to changes in the economic and social structure of the post COVID-19 eraTo establish a virtuous cycle to create sustainable jobs for future generations in the process of promoting innovation projects and activating convergence industries
Who has primary responsibility for developing the national AI strategy?
Ministry
Name of responsible organisation (in English)
Ministry of Science and ICT (MSIT)
Who has primary responsibility for implementing the national strategy?
Several ministries
Name of responsible organisation for strategy implementation (in English)
Ministry of Science and ICT (MSIT) and others
Budget information available?
Available
Estimated budget expenditure range per year in Euros (EUR)
€2,167,810,000,000.00
Mechanisms to involve stakeholders in strategy design, implementation or monitoring
Expert consultation(s) and other engagement.,
Stakeholder consultation(s) and other engagement.,
Public consultation(s) and other engagement.
