VCQ AI Selected to Lead Korea's Second AI Foundation Data Project
VCQ AI has been named the lead operator for the second phase of Korea's independent AI foundation model data project, with 1.24 billion won in government funding.
VCQ AI has been selected as the lead operator for the second phase of the independent AI foundation model project's shared data support program, according to digitaltoday.co.kr. The National IT Industry Promotion Agency oversees the program.
The agreement period runs from October 8, 2026 to December 31, 2026. The total project cost is 2,933,360,000 won, with total government funding of 2.2 billion won. VCQ AI's allocated government funding is 1.2408 billion won.
The decision date was October 8, 2026, with the fact confirmation date on October 16, 2026.
VCQ AI's stock price stood at 3,815 won as of 7 p.m. on October 16, up 180 won (+4.95%) from the previous day.
Background
VCQ AI listed on the KOSDAQ market on June 20, 2022. For the fiscal year ending December 2025, the company reported total assets of 15.1 billion won, total liabilities of 3.9 billion won, and total equity of 11.2 billion won. Revenue for 2025 was 17 billion won, with an operating loss of 1.1 billion won and a net loss of 800 million won.
Quick answers
What is the total government funding for the project?
The total government funding is 2.2 billion won, with VCQ AI receiving 1.2408 billion won.
What is the agreement period?
The agreement runs from October 8, 2026 to December 31, 2026.
How did VCQ AI's stock perform on October 16?
VCQ AI's stock was 3,815 won as of 7 p.m. on October 16, up 180 won (+4.95%) from the previous day.