The New Growth Strategy Planning Task Force of the Ministry of Economy and Finance held a 'Quantum Technology Public-Private Council Meeting' at the 'Quantum Korea 2025' event on June 26, discussing ways to strengthen the competitiveness of the quantum industry.
The meeting was attended by the Ministry of Science and ICT, the Korea Research Institute of Standards and Science, SDT, Megazone Cloud, LG Electronics, and LG Uplus, among others.
Quantum technology is attracting attention as a game-changer that will impact all areas of the future economy, society, and security. The global quantum market is currently estimated at approximately $2.34 billion (about 3.3 trillion won) and is expected to grow nearly tenfold to $24.6 billion (about 34 trillion won) by 2033.
The government plans to support expanded investment based on private sector demand, regulatory reform, and talent development, building on the 'Quantum Initiative' announced last year and the implementation strategy established in March of this year.
At the meeting, industry participants requested government support for expanding the use of quantum materials, components, and equipment, promoting the inflow of highly skilled talent into the quantum industry, and establishing quantum computing infrastructure.
Shin Sanghun, head of the New Growth Strategy Planning Task Force, stated, "We must lead the race for quantum technology supremacy through unwavering policy implementation and bold investment," adding, "We will actively support the development of the domestic quantum ecosystem based on the feedback received at this meeting."
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