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Deputy PM Bae says Frontier AI is not a presidential directive at parliamentary audit

AI NewsWave | Oct 23, 2026, 13:17 KST | Based on 2 Korean news reports

Key points

Deputy Prime Minister and Minister of Science and ICT Bae Kyung-hoon said the Frontier AI project is not one pursued on the president's instruction. iNews24 reported that he explained that whether to set up a special purpose company (SPC), which had been mentioned as a way to carry out the project, has not been finalized either. Digital Today wrote that the remark came at the National Assembly's Science, ICT, Broadcasting and Communications Committee audit on the 23rd.

The project's size differed by outlet. iNews24 wrote of a 16 trillion won "Frontier AI" project, while Digital Today wrote of a 4.7 trillion won "Frontier AI" project, using a different Korean spelling.

Sources (in Korean)

Compiled by AI NewsWave from facts confirmed across the Korean reports above. Translated from the Korean version.