The growth of Korea’s domestic artificial intelligence (AI) chip ecosystem is recognized as the country’s top research and development achievement in the field of information technology, the Institute of Information & Communications Technology Planning & Evaluation (IITP) said Wednesday. During a media conference, IITP, the policy-planning and management arm of the Ministry of Science and ICT, selected Korean firms’ improved presence in AI computing infrastructure, AI model developments, expanded AI transformation and nurturing researchers as noteworthy policy achievements. "Research and development, along with talent cultivation, are key drivers of Korea's competitiveness in AI and ICT," IITP President Hong Jin-bae said. "We will further strengthen our performance-oriented R&D support system to ensure that the AI and information and communication technology achievements accumulated over the years translate into industrial growth and tangible benefits for people's lives." Since 2020, the government has been making R&D investment worth over 470 billion won ($310.7 million) in the f
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