Government to Promote K-AI Package to Support Developing Nations and Expand AI Exports

The South Korean government is launching a strategy to support the growth of developing nations through concessional Official Development Assistance (ODA) while simultaneously expanding the global presence of domestic artificial intelligence (AI) companies and technologies.

The government announced the Strategy for Promoting the K-AI Package Centered on Concessional ODA during the Ministerial Meeting on International Economic Affairs held today (July 20), presided over by Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol.

The K-AI Package is a new comprehensive ODA business model that integrates AI solutions, AI data centers, and renewable energy power facilities into infrastructure projects built through the Economic Development Cooperation Fund (EDCF).

The structure of the K-AI Package involves providing infrastructure-specialized AI solutions, as well as the AI data centers and power supply facilities required to operate them.

The government has prepared a menu of projects based on South Korea's technological strengths and components across seven key sectors: water resources, health, energy, transportation, agriculture, culture, and education.

To maximize the global expansion of the domestic AI industry and the creation of added value, the government plans to incorporate competitive South Korean AI technologies and components as much as possible.

It stated that it will provide support by linking these initiatives with development cooperation tools such as the EDCF, the Knowledge Sharing Program (KSP), trust funds and co-financing from Multilateral Development Banks (MDBs), and development finance.

Furthermore, the government will actively participate in the design of laws, systems, and standards in recipient countries through the integration of grant and concessional aid, while also supporting capacity building through human resource development and technical training.

The government also plans to promote the establishment of global AI hubs to disseminate AI technologies and solutions, serving as bases for education, training, and capacity building in developing nations.

The government intends to identify project demands from recipient countries and propose the business menu during the second half of this year to pursue concrete commercialization.
※ Please note: This article was translated by AI and may contain errors.