April 19, 2024
Economy
Gov’t to spend W69b won on nanotech in 2018
[THE INVESTOR] Korea’s Science Ministry said on April 23 it will spend 669.3 billion won (US$626 million) this year on developing core nanotechnology know-how.
The spending plan is up from 514.1 billion won earmarked in 2017 and aims to develop key technologies that can be applied in various industrial areas, the ministry said.
Of the total, 572 billion won will be allocated to develop indigenous technologies and also to commercialize those that have already been developed to boost the global market share of local companies.
Under a joint development plan with other related government agencies, the government will invest 44.6 billion won in 2018 alone to nurture skilled workers in the sector.
By Song Seung-hyun and newswires (ssh@heraldcorp.com)
