The government will spend 4.9 trillion won (US$4.6 billion) this year on the national information technology strategy that aims to enhance South Korea's overall competitiveness and fuel economic growth, the science ministry said Sunday.

Of the total, 3.94 trillion won will go to 786 projects being pursued by central government agencies, with 978.2 billion won to be given to finance 5,990 projects initiated by regional administrations, according to the Ministry of Science, ICT and Future Planning.