South Korea announces a record research budget of 35.3 trillion won for 2026, as stated by President Lee.
South Korea aims for a record government research budget of 35.3 trillion won in 2026, President Lee announces.
South Korea Plans Record Research Spending of 35.3 Trillion Won in 2026, Says President Lee 🇰🇷
South Korea is set to announce approximately $150 billion in new U.S. investment pledges from private companies during a summit between President Lee Jae Myung and U.S. President Donald Trump scheduled for August 25, 2025. This investment package is distinct from the $350 billion trade deal reached in July, which capped U.S. tariffs on Korean goods at 15%. Ahead of the summit, South Korea's trade minister met with U.S. Trade Representative Greer to finalize the agenda. Additionally, President Lee announced a record government research budget of 35.3 trillion won for 2026, underscoring South Korea's commitment to innovation and economic growth.