Next Year's Marine Fisheries R&D Budget 852.9 Billion Won... Briefing Session to Be Held on the 20th

This Year Up 9%... New Projects Include Carbon Neutrality and Korean New Deal

[Sejong=Asia Economy Reporter Kwon Haeyoung] The government will invest 852.9 billion KRW (including climate fund) in marine and fisheries research and development (R&D) next year, an increase of about 9% from this year's 782.5 billion KRW.

The Ministry of Oceans and Fisheries announced on the 19th that a total of 106 R&D projects are included in the 2022 marine and fisheries R&D.

The newly launched projects next year consist of 37 tasks in five areas: achieving carbon neutrality, responding to climate change, implementing the Korean New Deal, fostering new industries, and creating jobs, with a scale of 154.7 billion KRW. In addition, the marine and fisheries startup and commercialization support project is worth 12 billion KRW, and through a public contest, it plans to provide commercialization funds, startup and investment consulting, and investment attraction (IR) opportunities to about 120 companies.

The Ministry of Oceans and Fisheries will hold an online briefing session on new national marine and fisheries R&D projects and startup commercialization support projects on the 20th.

Detailed information can be found on the website of the Korea Institute of Marine Science and Technology Promotion.

Kim Inkyung, Director of Marine and Fisheries Science and Technology Policy at the Ministry of Oceans and Fisheries, stated, "Next year's marine and fisheries R&D projects will expand investment in eco-friendly ships and smart port logistics technology development to achieve carbon neutrality and implement the Korean New Deal," adding, "We hope for active interest and participation from marine and fisheries companies and research institutions."

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