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S. Korea to Spend 8.5 Tln Won for ICT-Related R&D for 5 Yrs
Source: http://english.yonhapnews.co.kr
Source Date: Wednesday, October 23, 2013
Focus: Institution and HR Management
Country: Korea (Republic of)
Created: Oct 29, 2013

South Korea plans to spend a total of 8.5 trillion won (US$8.1 billion) over the next five years to promote research and development of the information and communications technology (ICT) sector, a key segment for the so-called creative economy preached by the Park Geun-hye administration.

Under the plans unveiled by the Ministry of Science, ICT and Future Planning, the ICT sector is expected to generate production worth 12.9 trillion won and create some 180,000 jobs.

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