Ministry of Science and ICT Hosts '5G-Based' Equipment and Terminal Component Demand Matching Day

[Asia Economy Reporter Seulgina Jo] On the 3rd, the Ministry of Science and ICT announced that it held the '5G-based Equipment and Terminal Parts Demand Matching Day' at El Tower in Yangjae-dong, attended by domestic telecom companies, 5G terminal and equipment manufacturers, and R&D researchers.

This Demand Matching Day event was organized to share the progress of government project technology development for 5G-based equipment and terminal parts and to promote cooperation between demand companies and supply companies.

The '5G-based Equipment and Terminal Parts Technology Development Project' has been underway since 2020 to secure technological competitiveness for key parts such as optical transmission modules and inductors used in 5G-based equipment and terminals, which have a high dependence on overseas sources, to enhance the technological independence of small and medium-sized enterprises and to leap forward as a global leader. A total of 49.8 billion KRW will be invested from 2020 to 2023. This year's budget is 19.1 billion KRW in total, including 14.1 billion KRW from the national government and 5 billion KRW from the private sector.

At the event, plans for linking demand to the technology development outcomes were announced, and R&D project performing organizations presented the progress of technology development and held a separate exhibition of the results. The exhibition booths were used as a place for exchange to provide matching services between supply and demand organizations and to establish various cooperation systems for the technology development outcomes.

Park Yoon-gyu, Director of the Information and Communication Policy Office at the Ministry of Science and ICT, said, “It is important to introduce the excellent technologies secured by our companies to demand companies and establish mutual cooperation systems to solidify the virtuous cycle system of ICT parts, materials, and equipment, and to create a healthy value chain between demand and supply, thereby strengthening the partnership between companies.”

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