On March 12, 2025, South Korea’s Ministry of Science and ICT convened the first meeting of the Quantum Strategy Committee at the Korea Research Institute of Standards and Science (KRISS) in Daejeon. Acting President Choi Sang-mok, who also served as Deputy Prime Minister and Minister of Economy and Finance, chaired the meeting.
According to The Quantum Insider, the government announced a dedicated quantum account within the KRW 1 trillion Science and Technology Innovation Fund, investing approximately KRW 20 billion (USD 13.8 million) annually for quantum startups over four years, totaling KRW 80 billion (USD 55 million). The broader fund draws KRW 500 billion from government-backed banks and KRW 500 billion from private investors.
For 2025, the government committed KRW 198 billion (approximately USD 136 million) in quantum-related investments, a 51.4 percent increase from the previous year. Acting President Choi announced plans to train 2,500 new quantum researchers. The committee’s formation had been delayed by three months due to political circumstances, according to the report.