Ministry of Industry Hosts 'Industrial Technology Innovation Strategy' Forum... Discussing Expansion of Private-Led R&D

[Asia Economy Sejong=Reporter Dongwoo Lee] On the 7th, the Ministry of Trade, Industry and Energy held the '1st Industrial Technology Innovation Strategy Forum' at the InterContinental Hotel COEX in Gangnam and announced that it gathered opinions and discussed implementation plans regarding the 'New Government's Industrial Technology Innovation Strategy' announced in June.

The Ministry of Industry plans to hold the forum four times by the end of the year, and the theme of this first forum was set as 'Expansion Plans for Goal-Oriented and Challenging R&D Led by the Private Sector.'

Jeong Il-young, head of the New Industry Strategy Research Group at the Science and Technology Policy Institute, who gave the keynote presentation, emphasized the smooth implementation of the mission-oriented 'Mega Impact Project' linked with industrial policy, while Yang Hyun-mo, CEO of Strategic Consulting Jiphyeon, proposed expanding the budget for challenging research and development (R&D) and improving management efficiency.

During the subsequent discussion, there was a shared recognition that for sustainable growth, it is urgent to shift from follower-type R&D to leader-type R&D.

Lee Jong-seok, director of the Technology Policy Division at the Ministry of Industry, said, "Despite the fiscal austerity stance, the Ministry has prepared next year's R&D budget at 5.6146 trillion won, a 1.3% increase compared to this year," adding, "In particular, the 153.1 billion won budget for new projects next year will focus on innovative technology development."

He also emphasized, "To promote large-scale, innovative, goal-oriented, and challenging projects considering commercialization, we plan to select about 10 technology fields by the end of the year," and "We are currently gathering private sector opinions on specific implementation plans and institutional improvements for this purpose."

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