South Korea and Singapore deepen AI research, investment and startup ties

South Korea and Singapore have agreed a formal artificial intelligence (AI) cooperation framework, strengthening research, venture investment and industry ties.

The agreement followed the Korea–Singapore AI Connect Summit during President Lee Jae-myung’s state visit.

Key developments include:

• A ₩50bn five-year international AI joint research programme from 2027, led by the Ministry of Science and ICT.

• Creation of a public–private Korea–Singapore AI Alliance spanning startups, academia and next-generation AI technologies.

• An offshore global fund of funds in Singapore, launched by the Ministry of SMEs and Startups (MSS) and scaled to $300m by 2030.

Seven MOUs were signed, including partnerships between KAIST Graduate School of AI and National University of Singapore School of Computing, and cooperation on AI in public safety.

Bae Kyung-hoon, Deputy Prime Minister and Minister of Science and ICT, and Han Seong-sook, Minister of MSS, said the partnership would accelerate global AI competitiveness.

ℹ️ ChosunBiz

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South Korea’s President Lee Jae Myung shakes hands with Singapore’s Prime Minister Lawrence Wong at the Ministry of Foreign Affairs in Singapore, March 2, 2026. Singapore Press Holding Media Trust /LianHe Zaobao/Dennis Thong Kah Hoong via REUTERS
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South Korea and Singapore deepen AI research, investment and startup ties
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