Basic Research Project Abolished in 2024 Restored with 152 Billion Won Support

Economy 365

The basic research support program, a grassroots fundamental research initiative that was abolished in 2024, has been restored.

The Ministry of Science and ICT selected 2,496 new projects amounting to 152 billion won, which include basic research as well as challenging and strategic research projects.

Among them, the basic research projects total 2,366, consisting of 906 projects receiving 50 million won annually and 1,460 projects receiving 70 million won annually.

Basic research supports small-scale, long-term studies by early-career faculty and regional researchers.

The average support per project is 55.86 million won, a 10% increase from 2023, and the maximum support period has been extended from 3 years to 5 years.

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