South Korea Plans to Increase R&D Investment in Nuclear Fusion and Small Modular Reactors
South Korea's Ministry of Science and ICT (MSIT) stated on September 1 that in the 2027 government budget proposal approved at a Cabinet meeting, the ministry's budget amounts to 29.6476 trillion Korean won, an increase of 24.5% compared to this year's supplementary budget. Of this, the R&D budget is planned to increase from 11.9 trillion won this year to 14.1 trillion won, accounting for 36% of the South Korean government's total R&D budget. In the science and technology sector, MSIT plans to invest 12.377 trillion won in R&D related to next-generation artificial intelligence and advanced technologies. In explaining the budget proposal, the ministry's First Vice Minister stated that in response to the growing electricity demand driven by AI development, South Korea will accelerate the development of future clean energy sources such as small modular reactors (SMRs) and nuclear fusion...
2026-09-02
