Government Invests 81.9 Billion KRW in Collaboration Between Domestic Industry-Academia-Research and Overseas R&D Institutions
[Sejong=Asia Economy Reporter Kwon Haeyoung] The government will invest a total of 81.9 billion KRW this year in projects supporting international joint research and development (R&D) between domestic industry-academia-research sectors and outstanding overseas R&D institutions.
The Ministry of Trade, Industry and Energy announced on the 21st that it will publicly release the "2021 Industrial Technology International Cooperation Project Integrated Implementation Plan" on the 22nd to respond to the acceleration of global technological innovation and the restructuring of the global value chain (GVC). The project scale has been significantly expanded to 81.9 billion KRW from last year's 63 billion KRW, of which 26.8 billion KRW is new budget.
The ministry has established various new project types to secure Korea's strategic technologies and promote the global advancement of Korean companies. The main support contents of this year's new projects include a total of 85 tasks in five areas: ▲ quantum and multilateral co-funding R&D ▲ global cooperation hub-type joint R&D ▲ global demand-linked technology cooperation ▲ technology introduction-type X&D ▲ Korea-ASEAN technology cooperation pilot projects.
Detailed information can be found on the Ministry of Trade, Industry and Energy website and the Korea Institute for Advancement of Technology website.
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Kim Sangmo, Director of Industrial Technology Convergence Policy at the Ministry of Trade, Industry and Energy, said, "In an era where global networks are expanding and digital transformation is accelerating, in-house development alone has limitations in international competitiveness," and added, "The ministry will provide multifaceted support so that our companies can quickly lead the technology paradigm through organic solidarity and cooperation with various global institutions."
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