Thursday, May 22, 2008

[ News, Science / Tech, May 6 2007] Lee reveals vision for auto IT industry

President Lee Myung-bak Tuesday (May 6) unveiled Korea's new information technology strategy, eyeing for seizing 10 percent, or 4 trillion won (about $4 billion), of the world's automotive IT market by 2010.

"The combination of automobile and state-of-the-art electronic devices and software will create enormous added value in the future. By 2010, the global auto IT market is projected to grow to 40 trillion won," Lee said, speaking to domestic and foreign IT experts at the opening ceremony of the annual Seoul Digital Forum.

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