S.Korea to invest $2.6 bn in quantum technology by 2035

Published on May 5, 2024

EzQuant, the world's first fingerprint recognition security key developed by SK Telecom, IDQ and Octatco based on the QRNG technology (Courtesy of SK Telecom)

South Korea will spend 3.5 trillion won ($2.6 billion) on quantum science and technology development by 2035 in partnership with the country’s major conglomerates, which have been already exploring the commercial implementation of the promising technology touted to reshape the future of industry.

The public and private collaboration in shoring up the nation's quantum technology capabilities will be led by Korea’s Ministry of Science and ICT, Samsung Electronics Co., Hyundai Motor Co., SK Telecom Co. and LG Electronics Inc.

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