'Korean-Style Research Equipment R&D' Receives Priority in Preliminary Feasibility Study

Special Committee on Materials, Parts, and Equipment Technology
Korea-Led Leading Research Equipment Technology Development Project
Selected as a Priority Project for Preliminary Feasibility Study

Minister Choi Ki-young of the Ministry of Science and ICT is attending the Central Disaster and Safety Countermeasures Headquarters meeting for COVID-19 response held at the Government Seoul Office in Jongno-gu, Seoul, on the morning of the 11th. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Hwang Junho] The Korea-led Advanced Research Equipment Technology Development Project has been selected as a preferential project for the preliminary feasibility study.

The Ministry of Science and ICT held the 8th Special Committee on Materials, Parts, and Equipment Technology on the 23rd and made this decision.

The newly selected "Korea-led Advanced Research Equipment Technology Development Project" will receive additional points (between 1 and 9 points) during the policy feasibility evaluation in the preliminary feasibility study process and will be subject to cost-effectiveness analysis techniques during the economic feasibility evaluation.

This project is being carried out over 10 years starting from 2022, with a total investment of 460 billion KRW (national funds: 376.6 billion KRW, private funds: 83.4 billion KRW) to develop research equipment into a standalone industry.

Kim Sang-sik, the private sector committee chairman, stated the background for the project selection: "Research equipment development technology is a core foundational technology for the advancement of the materials and parts industry and strengthening the competitiveness of industrial equipment. This project is expected to secure core original technologies for research equipment, reduce the domestic research industry's external dependence, and contribute to securing self-reliance capabilities, aligning with the policy direction to strengthen the competitiveness of materials, parts, and equipment."

Kim Sung-soo, head of the Science and Technology Innovation Headquarters, said, "We hope that the Korea-led Advanced Research Equipment Technology Development Project, selected today as a preferential project, will proceed as planned and serve as the foundation for building infrastructure in the materials, parts, and equipment industry."

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