Question 1

In April 2024, South Korean President Yoon Suk Yeol announced a significant investment plan to bolster the nation's artificial intelligence capabilities. By what year does South Korea aim to complete this substantial investment, and what is the total amount earmarked for AI development?

Accepted Answer

By 2027, with an investment of USD 6.94 billion (9.4 trillion won).

Question 2

South Korea's semiconductor foundry market is projected for substantial growth. What is the estimated market size for South Korea's semiconductor foundry market in 2025, and what is the projected Compound Annual Growth Rate (CAGR) through 2030?

Accepted Answer

USD 23.1 billion with a CAGR of 7.9%

Question 3

The South Korean electric vehicle (EV) market is experiencing rapid expansion. What percentage of total vehicle sales is the EV market projected to reach by the end of 2025?

Accepted Answer

20%

Question 4

In terms of drug discovery and biopharmaceutical innovation, South Korea has made significant strides. Which of the following was a notable milestone in 2024 for South Korea's pharmaceutical industry, involving an FDA approval?

Accepted Answer

The FDA approval of Yuhan's novel lung cancer drug, lazertinib, in combination with J&J's Rybrevant.

Question 5

South Korea's AI market is experiencing robust growth. What is the projected market size for South Korea's AI market in 2025, and what is the anticipated CAGR from 2025 to 2030?

Accepted Answer

USD 4.34 billion with a CAGR of 27.63%

Question 6

Regarding South Korea's quantum technology development, what was the approximate government investment in quantum technology for 2025, representing a significant year-over-year increase?

Accepted Answer

Over USD 250 million

Question 7

In the fintech sector, what was the reported increase in the adoption of open banking platforms in South Korea in 2024, as indicated by the Korea Financial Telecommunications & Clearings Institute (KFTC)?

Accepted Answer

30%

Question 8

South Korea's semiconductor industry is a major economic driver. What was the total value of South Korea's semiconductor exports in 2024, making it the country's largest export item?

Accepted Answer

USD 141.9 billion

Question 9

The South Korean government has enacted significant legislation to support smart city development. What year was the Smart City Act enacted, marking a policy shift towards data-driven urban innovation?

Accepted Answer

2024

Question 10

South Korea's biopharmaceutical sector has seen a surge in licensing agreements. What was the total deal value in 2025 year-to-date (YTD) for innovator drug licensing agreements involving South Korean companies, representing a substantial increase from the previous year?

Accepted Answer

USD 7.86 billion

Question 11

In the South Korean electric vehicle market, which imported model emerged as a significant growth driver in 2025, selling over 50,000 units and capturing a substantial portion of the pure electric passenger vehicle market?

Accepted Answer

Tesla Model Y

Question 12

South Korea's AI Basic Act, aimed at establishing rules for the safe, ethical, and transparent use of AI, was adopted in January 2025. When will this act officially take effect?

Accepted Answer

January 1, 2026

Question 13

The South Korean government plans to invest significantly in its semiconductor industry. How much is South Korea planning to invest in KRW to bolster the development of its semiconductor industry, aiming to create a global hub for AI-driven innovation?

Accepted Answer

KRW 700 trillion

Question 14

In 2025, South Korea surpassed a key milestone in its electric vehicle market, exceeding a certain market share for the first time. What was this market share percentage achieved by the end of 2025?

Accepted Answer

13.1%

South Korea's Tech Frontier: AI, Semiconductors, and EV Shifts Defining 2025 Economic Landscape

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