Friday, October 26, 2007

[ News, Science / Tech, October 25 2007] Roh declares full state support for science and technology

President Roh Moo-hyun on Thursday (Oct. 25) reiterated his commitment to the development of science and technology, saying that market dominance by Korean leaders in science and technology would further accelerate in the coming years.

Roh said the government's expenditures on research and development in science and technology is to exceed the 10 trillion won ($10.8 billion) mark for the first time next year, rising from 9.8 trillion won in 2007.

"The status of the Korean economy, as well as its rivals, have changed. The nation has to abandon the past paradigm and redouble efforts for technological innovation to overtake the advanced countries," said Roh in a speech at the opening of a future technology show in Seoul.

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