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China’s efforts to increase R&D investment pay off

China’s efforts to increase R&D investment pay off

China’s increasing investment in R&D is paying off as the country spares no effort to implement its innovation-driven development strategy. Zhongguancun Science Park, the first hi-tech industry pilot zone in China, achieved outstanding performance in the first quarter of this year. High-tech firms above designated level based in the zone saw total revenue of 1.3 […]

S. Korea seeking new infrastructure to exploit 4th Industrial Revolution

S. Korea seeking new infrastructure to exploit 4th Industrial Revolution

South Korea is building up the necessary infrastructure to position itself to better take advantage of the Fourth Industrial Revolution, the government said Monday. Under the Moon Jae-in administration, Asia’s fourth-largest economy has made meaningful strides such as launching the world’s first commercial 5G network service and in such areas as the big data market […]

S. Korea to invest 3 tln won in biotech sector this year

S. Korea to invest 3 tln won in biotech sector this year

South Korea’s government will invest nearly 3 trillion won (US$2.6 billion) this year into biotech-related research and development (R&D) and commercialization efforts as the country strives to promote innovative growth, sources said Monday. The earmarked spending marks a 2.9 percent on-year increase from 2018. The Ministry of Science and ICT will contribute 1.15 trillion won, […]

Redrawing Korea’s Industrial Map

Redrawing Korea’s Industrial Map

“It will take at least 100 years to rebuild this country,” Gen. Douglas MacArthur once said as he faced the war-ravaged cities of Korea while leading the United Nations forces during the Korean War. As one of the world’s poorest countries, post-war Korea’s per capita gross domestic product was less than US$67. Contrary to MacArthur’s […]

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