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S. Korea's investment in R&D in 2020 to surpass US$ 90 billion

2020-12-21 19 Dailymotion

문대통령 "내년 R&D 예산 27조 사상 최대…백신개발 마중물"<br /><br />South Korea's investment in research and development next year is expected to top 100 trillion won or 90 billion U.S. dollars for the first time.<br />22 percent of it will be funded by the government, and the rest will be from the private sector.<br />President Moon Jae-in announced the figure today at the Blue House... at a meeting of the Presidential Advisory Council on Science and Technology.<br />He said the budget will also be used to develop vaccines and treatments for COVID-19.<br />It's important, he said, to promote private investment by providing incentives for technologies that have already been proven competitive, and while infant technologies will be supported by the government.<br />The Blue House said President Moon also called for researchers to involve more women in R&D.<br />

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