South Korea To Invest $300M+ US Dollars for Technology R&D

Technology focus areas include nanotechnology, energy, and biotechnology

The South Korean Ministry of Education, Science, and Technology will spend close to $355B won in 2010 to develop technologies to enhance the nation’s competitiveness in the global marketplace, and to increase its portfolio of ‘home-grown’ technologies. Of the total investment, about 22% will be allotted towards new investments, which is a 43% increase from 2009. The recent investment announcement aligns with the country’s goal to advance basic R&D by 2021.

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