The budget is subject to parliamentary approval.

The move came as Prime Minister Lee Nak-yon presided over a ministerial meeting to discuss the government's policy and deregulation in the science and technology sector.

The government said it will assist up-and-coming researchers who possess good potential to make scientific breakthroughs, stressing the need to tolerate failures.

In 2022, 35 percent of the government budget in the ICT sector will be allocated for projects dealing with difficult scientific subjects.

The money could help researchers focus on their work without worrying about funding issues by expanding R&D projects to more challenging areas.

The ministers also discussed ways to innovate an independent R&D support system that will revolve around talents with potential in the future.

The government said it will also expand R&D projects to help dementia patients in line with the government's long-term plan, announced earlier, to expand treatment of the illness through a state program. (Yonhap)