Busan City Holds '2020 Joint Briefing Session on Research and Development Projects'

On the 3rd of next month at 2 PM, five local innovation institutions will participate at Busan City Hall

Busan City Hall exterior view. (Photo by Busan City)

[Asia Economy Yeongnam Reporting Headquarters Reporter Yoon Yoseop] Busan City announced on the 31st that it will hold the "2020 Busan City Research and Development (R&D) Project Joint Briefing Session," involving five local R&D support innovation institutions, at 2 p.m. on the 3rd of next month in the large conference room on the first floor of Busan City Hall.

The five innovation institutions are Busan Institute of Industrial Science and Innovation, Busan Research and Development Special Zone, Busan Information Industry Promotion Agency, Busan Economic Promotion Agency, and Busan Technopark.

Now in its third year, the joint briefing session on R&D projects provides information on the government and Busan City's R&D policy directions and the overall R&D projects being promoted in the Busan region.

Following the government R&D budget surpassing 20 trillion won for the first time last year, it has sharply increased to 24.1 trillion won this year. According to the National Fiscal Operation Plan, it is expected to rise to 30.9 trillion won by 2023.

This briefing session will begin with a presentation by the Korea Institute of Science and Technology Planning and Evaluation on the government's key R&D investment directions and fields, followed by an introduction to Busan City's R&D project directions and attraction strategies for this year, explanations of R&D support projects promoted by each participating institution, and their implementation schedules. Information booths for each institution will be set up outside the venue for individual consultations.

Go Mija, Head of the Innovation Economy Division of Busan City, said, "For regional development in the future, new technology development through R&D, industrial innovation, and fostering new industries will be the answer," adding, "Through this briefing session, we will intensively provide R&D-related information and strategies to local innovation stakeholders."

This content was produced with the assistance of AI translation services.