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.
