Seoul, Jan 16 (IANS) 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.
By product, semiconductor exports jumped 31.1 per cent on-year to $14.51 billion on high demand for artificial intelligence-related chips.
—IANS
na/
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
