The brand of the Ministry of Commerce, Trade and Power / Newsis
Korea will spend 208.8 billion received ($143.7 million) this 12 months on international expertise cooperation tasks as a part of efforts to bolster the nation’s technological competitiveness, the trade ministry mentioned Wednesday.
The quantity marks a 25.9 p.c enhance from the corresponding tally for final 12 months, in keeping with the Ministry of Commerce, Trade and Power.
Intimately, Korea plans to funnel 94.2 billion received into worldwide tasks geared toward fostering expertise developments by bilateral cooperation or participation in multilateral funding applications, resembling Eureka and Eurostars, led by the European Union.
The nation will inject a further 105.2 billion received into creating industrial expertise collaboration facilities at top-tier analysis establishments throughout the globe and launching mid- to long-term joint analysis tasks to develop core applied sciences for future progress engines, in keeping with the ministry.
One other 3.5 billion received can be spent on selling international entities‘ funding in native analysis and growth (R&D) tasks and cooperation between native and international corporations. (Yonhap)
