The government plans to invest more than nine trillion won over the next five years in 13 key industries, including drones and artificial intelligence(AI).
Specifically, the goal is to grow the drone sector by twentyfold and triple the number of firms specializing in AI.
The Ministry of Science and ICT said Tuesday it has finalized a plan on fostering new growth engines for the country which was jointly drafted by a special committee on future growth engines and other related agencies.
The blueprint contains a concrete action plan on crafting mid- to long-term road maps on the 13 innovative industries that will lead the fourth Industrial Revolution.
The plan also includes ways to improve regulatory hurdles and uncover core technologies.
The government designated the 13 growth sectors in December. They include drones, AI, big data, new drugs, self-driving vehicles, customized health care and next-generation mobile communications.
Over one-point-three trillion won will be invested in these industries this year, with a total investment of nine trillion won planned through 2022.