Presentation on "Strategies to Secure Global Competitiveness in the Information Security Industry"
The government is set to foster the information security industry and leap forward as a global powerhouse in the field. The plan is to grow the information security industry to a scale of 30 trillion KRW by 2027, nurture security unicorns, and enter the world’s top five in the information security sector.
On the 5th, the Ministry of Science and ICT announced the "Strategy to Secure Global Competitiveness in the Information Security Industry" at the 30th Emergency Economic Vice Ministerial Meeting.
Strategy for Securing Global Competitiveness in the Information Security Industry [Photo by Ministry of Science and ICT]
Recently, cyber threats have increased and the security domain has expanded due to digitalization. Growth is driven by strengthened security regulations worldwide. Market research firm MarketsandMarkets forecasts the security market to grow at an average annual rate of 8.5% until 2026.
The Ministry of Science and ICT prepared this strategy with the intention of not falling behind in global market competition and leading a paradigm shift in cybersecurity. The main points include four major strategies and 13 tasks: ▲ Securing leadership in the security paradigm shift and creating new markets ▲ Strengthening entry into emerging markets through collaboration ▲ Expanding the industrial ecosystem for global advancement ▲ Securing competitiveness in next-generation information security technologies. Through this, the plan is to enter the world’s top five in the information security industry by 2027, expand the market size to 30 trillion KRW, and nurture security unicorns to become a global information security powerhouse. To this end, 1.1 trillion KRW will be invested.
First, the government will secure leadership in the security paradigm shift and create new markets. By embedding security into future industries such as smart factories, smart healthcare, robotics, and space and aviation, new markets will be created. The convergence security and physical security industries will be intensively fostered to expand global market entry. Additionally, a ‘Zero Trust Transition Roadmap’ will be established and implemented to overcome the limitations of existing security. Active responses to software (SW) supply chain attacks will be made, and an ‘SBOM (Software Bill of Materials)-based SW supply chain security technology support system’ will be built to prepare for overseas trade barriers.
Organic cooperation and proactive security embedding will pioneer the future convergence security market. To strategically respond to industry-specific security requirements such as autonomous vehicles and smart ships, a 'Convergence Security Cooperation System' will be established with related ministries and agencies. Existing security living labs will be specialized and reorganized to focus on key areas (smart healthcare, autonomous vehicles, smart factories, etc.), and a security certification embedding process will be prepared. Through the application and dissemination of domestically developed new technologies, physical security will be nurtured as a next-generation growth industry. The distribution of domestically localized core components such as CCTV semiconductor chips (SoC) will be increased, and second-generation semiconductor chips will be mass-produced promptly. Expansion into biometric physical security markets and unmanned security markets such as ‘Korean-style unmanned stores’ will also be pursued.
Second, a Korean-style integrated security model will be implemented and emerging markets targeted to secure global competitiveness. The 'K-Security Alliance' will be formed to strengthen a private-led strategic collaboration system. Speed will be increased in entering emerging security markets based on international cooperation. To target emerging markets such as the Middle East and Southeast Asia, the Middle East base will be reorganized to Saudi Arabia, and a new base in Hanoi, Vietnam, will be established. A public-private cooperative 'Security Team Korea' will be formed to increase the possibility of winning large overseas projects and enhance the indirect export effect of companies.
Third, to accelerate companies’ global market entry, growth environments such as facility expansion, fund creation, and talent development will be established. A 'K-Security Cluster Belt' consisting of security startup cultivation, regional security industry strengthening, and a global security cluster will be created. To ensure stable technology development and activate private investment, a public-private joint 'Cybersecurity Fund' worth 130 billion KRW will be established by 2027.
Lastly, focus will be placed on developing essential strategic technologies and securing an advantage in the global technology hegemony competition through joint research with leading countries. Through domestic and international technology and market analysis, key R&D areas such as future challenges, technology and industry leadership, and security investment will be identified and strategically invested in to maximize outcomes. Joint research with cybersecurity leading countries such as the United States, Germany, and Finland will secure global-level technologies, and support research targeting emerging countries will be promoted to strategically target key emerging markets such as Southeast Asia and the Middle East.
Minister Lee Jong-ho of the Ministry of Science and ICT stated, “The recent global security market is a period of rapid change, with accelerated competition to preempt new security paradigms and active collaboration and cooperation among companies to keep pace with the trend of integrated security.” He added, “Preparing swiftly for changes in the new security paradigm and establishing a solid industrial ecosystem to target emerging markets is an urgent task that cannot be delayed even for a day. Through this strategy, the government will concentrate its capabilities to ensure that our information security industry gains global competitiveness, expands market leadership, and strengthens cyber security.”
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