Gyeongju: South Korea's science ministry announced that it will sign an agreement with the United States to broaden cooperation in the science sector during the Asia-Pacific Economic Cooperation (APEC) gathering taking place in the southeastern city of Gyeongju. The Technology Prosperity Deal is set to be signed by Science Minister Bae Kyung-hoon and Michael Kratsios, head of Washington's Office of Science and Technology Policy.

According to Yonhap News Agency, the agreement aims to expand "omnidirectional" cooperation in science, emphasizing the growing importance of emerging technologies such as artificial intelligence (AI), quantum, and synthetic biology. The ministry highlighted that this cooperation is intended to enhance the quality of life in both countries and strengthen the alliance between South Korea and the U.S.

The two nations have agreed to accelerate efforts to innovate and apply AI technology across various industries. They will jointly develop policy frameworks and work towards establishing a shared AI ecosystem in Asia and other regions, promoting the export of reliable AI technology and fostering safe AI-driven innovation.

Further, the agreement includes plans to enhance cooperation in next-generation communications, pharmaceutical supply chains, quantum innovation, and space exploration. "The memorandum of understanding is a symbol of cooperation for the prosperity of future generations, just as its title suggests," remarked Bae, expressing South Korea's intent to expand exchanges with the U.S. in the science sector.

This development builds on previous agreements, including South Korea's partnership with OpenAI. Earlier this month, President Lee Jae Myung met with OpenAI CEO Sam Altman to discuss expanding AI partnerships, as South Korea aims to become an AI hub in Asia.