Tuesday, February 26, 2008

[Korea.net News, Science / Tech, January 5 2008] Science ministry to expand R&D support, build up basic technology knowhow

The science ministry said Saturday (Jan. 5) that it will expand support for research and development (R&D) projects in the coming years and help build up the country’s capabilities in basic technologies.In a report submitted to President-elect Lee Myung-bak’s transition committee, the ministry said it will revise its second science and technology development plan (2008-2012) with more emphasis being placed on allocation of funds for R&D.The former Seoul mayor won the Dec. 19 election by convincing voters that he was best suited to revive the flagging national economy.He pledged to enhance closer ties between the science and technology sectors and businesses and use this alliance to boost investment and help train top quality research personnel. The next president claimed that such a tie-up could promote the development of next generation hightech industries that can fuel the country’s growth.

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