UK, Republic of Korea Forge $5.6M Sci-Tech Accord

The U.K. and the Republic of Korea have agreed to a series of deals and new funding worth up to $5.6 million to boost research links in technologies including AI, quantum and semiconductors.

The agreements formed part of an accord between the two countries signed Wednesday during President Yoon Suk Yeol’s State Visit to the U.K. They come off the back of the U.K. hosting the first AI Safety Summit, with South Korea planned to host next year.

They are:

The two countries plan to work closely to harness the potential of critical technologies like AI, quantum and semiconductors to create jobs and unlock economic growth. The funding will go towards creating joint research and innovation partnerships.

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“The Republic of Korea is a tech powerhouse, and a vital partner to the U.K. We share the same values and face the same challenges: from creating future jobs and industries fit for the AI age, to bringing the power of science to bear on climate change and supporting aging populations,” said U.K. secretary for science, innovation and technology Secretary Michelle Donelan.

“As part of the new accord between our two countries, this raft of agreements will future-proof our relationship for decades to come: a partnership that is already bearing fruit as we work closely together on the next AI Safety Summit.”