The Era of 100 Trillion Won in National R&D... Private Experts Conduct Thorough Inspections

Ministry of Science and ICT to Hold Business Briefing Sessions from 10th to 14th

[Asia Economy Reporter Kim Bong-su] The Ministry of Science and ICT will hold the ‘2022 National R&D Project Expert Committee Business Briefing’ for five days from the 10th to the 14th at 'The K Hotel Seoul' in Yangjae-dong, Seoul.

This event is a gathering where government departments, in accordance with the government’s R&D investment direction for next year confirmed on March 11, come together with project managers from each department and private experts by technical field to discuss project implementation directions, detailed strategies, and budget efficiency measures. Private experts meticulously review the government’s R&D budget and suggest directions for the 2022 budget allocation and adjustment.

At this meeting, 126 experts from industry, academia, and research institutes belonging to the expert committees under the National Science and Technology Advisory Council will participate across seven technical fields. The fields include Public Space, Energy and Environment, Information and Communication Technology (ICT) Convergence, Mechanical Materials, Biomedical, Basic Infrastructure, and Defense.

Private experts review the technical importance and urgency of the relevant national R&D projects, the validity of budget input, and the appropriate scale based on their field experience and expertise. The Ministry of Science and ICT plans to prepare a draft for next year’s national R&D project budget allocation and adjustment considering the opinions presented by private experts. For new budget projects, the results of the ‘Departmental New R&D Project Planning Consultation’ conducted by the expert committees of related technical fields in April will also be thoroughly checked to ensure they are faithfully reflected in the project planning.

Kim Seong-su, Director of the Science and Technology Innovation Headquarters at the Ministry of Science and ICT, said, “This year marks the era of 100 trillion won in national R&D investment, and it is important to produce results that the public can feel commensurate with the scale of investment,” adding, “The expert committee business briefing is a very meaningful occasion where private experts gather to review the direction of national R&D projects and suggest the overall direction for budget allocation and adjustment.”

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