Smart 2025

Supporting revitalization of digital economy

Detailed task

  • Developing various policy support programs to revitalize the stagnating economy due to COVID-19
  • Fostering smart city-related technical talent
9-1. Creation of a smart city fund
  • Providing investment opportunities for infrastructure and solutions for smart city creation
  • Supporting SMEs, venture companies, startups and projects in the smart city sector within Seoul
    • Raising KRW 265.5 billion by 2022 (KRW 31 billion by the SMG)
9-2. Provision of a public testbed for innovative technologiesto support the growth and market development of SMEs and startups
  • Improvement of testbed project implementation system and expansion of project scope
  • Operation of an “innovative technology support group” for the monitoring of the demonstration process
    • No. of testbed demonstration companies: 30 (2021) → 55 (2025)
9-3. Hosting of Seoul Innovation Challengefor the foundation to lead the Fourth Industrial Revolution
  • Hosting a challenge-type idea contest and providing a place for idea exchange
  • Supporting technological integration and convergence through participation between participants through the introduction of an open platform
    • No. of companies that passed qualifiers and finals: 41 (2021) → 48 (2025)
9-4. Fostering a leading company in the Fourth Industrial Revolution through the creation and operation of the 7 major innovative industry clusters
  • Optimization of sewage treatment facilities and securing stable water quality through introducing AI-based intelligence system
  • Establishing an advanced support system for decision making such as data mining and prediction modeling
INDUSTRY 4.0
9-5. Responding to changes in economic environment through supporting the digital transformation of SMEs
  • (Urban manufacturing industry) Creating a smart factory with one-stop manufacturing and distribution
  • (SME DX support) Customized support for DX implementation for each company
    • Support for the digital transition of Seoul companies: 200 (2022) → 280 (2025)

Investment plan

(Unit: KRW 1 million)

Investment plan - Policy task, Total, 2021, 2022, 2023, 2024, 2025 .. etc

Policy task

Total

2021

2022

2023

2024

2025

9

Supporting revitalization of digital economy

840,735

31,518

202,263

201,036

231,412

174,506

 

9-1. Creation of a smart city fund

24,186

5,736

7,770

7,761

2,919

-

9-2. Provision of a public testbed for innovative technology

56,000

9,500

10,500

11,500

12,000

12,500

9-3. Hosting of Seoul Innovation Challenge

11,696

2,112

2,112

2,192

2,640

2,640

9-4. Creation and operation of the seven innovative industry cluster

623,956

6,450

155,304

155,383

153,453

153,366

9-5. Support for the digital transition of SMEs

124,897

7,720

26,577

24,200

60,400

6,000

Performance indicator

Performance indicator - Detailed project, Performance indicator, 2021, 2022, 2023, 2024, 2025 .. etc

Detailed project

Performance indicator

2021

2022

2023

2024

2025

9

Supporting revitalization of digital economy

 

 

 

 

 

 

 

9-1. Creation of a smart city fund

Goal for creating a smart city fund

60 billion

75 billion

-

-

-

9-2. Provision of a public testbed for innovative technology

No. of testbed demonstration companies

30

40

45

50

55

9-3. Hosting of Seoul Innovation Challenge

No. of companies that passed qualifiers and finals

41

41

45

48

48

9-4. Creation and operation of the seven innovative industry cluster

No. of companies in Y Valley

23

23

23

23

100

No. of professional personnel training in the digital finance sector (cumulative) (persons)

340

440

540

700

850

No. of companies in AI Yangjae Hub

113

113

134

134

134

No. of companies in Seoul Bio Hub

130

130

170

180

200

No. of companies in Magok R&D cluster

177

211

219

1,001

1,181

Technological development support for G Valley (cases)

8

83

90

110

112

R&D support for Suseo Robot Cluster (cases)

3

10

10

10

10

9-5. Support for the digital transition of SMEs

Smart anchor/smart solution (locations)

4

4

3

4

2

Support for the digital transition of Seoul companies (companies)

-

200

220

250

280