What Happened
Seoul Fosters New Security Innovation Companies With R&D Support
South Korea’s Ministry of SMEs and Startups has identified 538 small and venture companies in new security fields, including AI, aerospace, and drones, to foster as ’new security innovation companies.’ The government plans to support technology development with up to $7.5 million over five years, with public demand agencies participating from planning to demonstration and purchasing. This initiative aims to strengthen national security capabilities and promote the competitiveness of future advanced industries, as reported by Unknown Source.