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In line with President Park Geun-hye's three-year economic innovation plan,... the government
has unveiled the ways it plans to boost investments in research and development.
As our Shin Se-min tells us,... the investment is aimed at supporting small and mid-sized
companies,... and setting up an environment for the so-called "creative economy." To give
Korea's research and development sector a much needed boost, the government will be
pouring more money
into related institutes over the coming months. The Ministry of Science, ICT and Future Planning
laid out its plan Tuesday... to provide 68-point-7 billion won, or over 64 million U.S. dollars
this year. The money will mainly go toward establishing
an R&D base station for small- and medium-sized enterprises in four different Korean cities.
The science districts will foster business research laboratories, improve exclusive research
zones and promote networking among researchers. More than 54 million dollars will be funneled
into businesses that commercialize research outcomes and the rest will go toward establishing
a better environment for start-ups. The Ministry of Trade, Industry and Energy
also laid out its own plan on Tuesday, promising to invest over 140 million dollars in the
nation's smart sensor industry over the next six years.
The government will use a major chunk of that investment in generic technology development.
Along with wearable smart devices and autonomous vehicles, which represent just two of 13 industrial
projects,... the government is looking to create more sensor related products for the
international market. The global smart sensor industry is booming,...
but here in Korea, the market is led by smaller companies, and they haven't been able to compete
effectively on the world stage. Shin Se-min, Arirang News.