South Korea plans to double funding for basic science research by 2022
Arirang News
2018-06-26
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당정 "기초연구비 2022년까지 2배로…미세먼지 R&D 예산 확대"
The government and ruling party held talks on policies linked to research and development,... amid rapid technological changes on the heels of the fourth industrial revolution
Noting the country's current R&D system has reached its limit,... both sides agreed to step up innovation that can help create new industries and new jobs.
Kim Min-ji sheds light on what was produced through that meeting.
South Korea plans to put greater emphasis on research and development in the coming years -- as part of efforts to foster new growth engines and create new jobs.
The agreement was reached Tuesday during a policy coordination meeting between the government and the ruling Democratic Party of Korea.
"We are now in an era where a country's competitiveness is determined by the speed at which innovations in science and technology lead to the creation of new industries and new growth engines. In order to meet the fast changing trends of the fourth industrial revolution and changes in society, we must step up innovation across all areas."
For starters, the country plans to double the funding for basic science research to some 2-point-2 billion U.S. dollars by 2022.
This will be used to support innovative projects initiated by researchers,... and is aimed at encouraging creative research and development.
The two sides also agreed to increase the budget for R&D to tackle environmental issues,... such as fine-dust pollution, to some 1 billion dollars.
And the government plans to revive a ministerial-level meeting on science and technology -- so that related ministries can step up coordination and work hand in hand.
This is all part of President Moon Jae-in's goal of achieving innovative growth -- by which technological innovation leads to economic growth and job creation.
"This will be the basic blueprint for innovative R&D under the Moon Jae-in government over the next five years. Through enhanced innovation, we will achieve innovative growth, create new jobs and improve people's lives."
The ruling party also vowed to do its part to amend relevant laws and increase the budget to ensure the smooth implementation of the policies and measures.
The government will unveil a comprehensive plan on the matter in mid-July.
Kim Min-ji, Arirang News.
The government and ruling party held talks on policies linked to research and development,... amid rapid technological changes on the heels of the fourth industrial revolution
Noting the country's current R&D system has reached its limit,... both sides agreed to step up innovation that can help create new industries and new jobs.
Kim Min-ji sheds light on what was produced through that meeting.
South Korea plans to put greater emphasis on research and development in the coming years -- as part of efforts to foster new growth engines and create new jobs.
The agreement was reached Tuesday during a policy coordination meeting between the government and the ruling Democratic Party of Korea.
"We are now in an era where a country's competitiveness is determined by the speed at which innovations in science and technology lead to the creation of new industries and new growth engines. In order to meet the fast changing trends of the fourth industrial revolution and changes in society, we must step up innovation across all areas."
For starters, the country plans to double the funding for basic science research to some 2-point-2 billion U.S. dollars by 2022.
This will be used to support innovative projects initiated by researchers,... and is aimed at encouraging creative research and development.
The two sides also agreed to increase the budget for R&D to tackle environmental issues,... such as fine-dust pollution, to some 1 billion dollars.
And the government plans to revive a ministerial-level meeting on science and technology -- so that related ministries can step up coordination and work hand in hand.
This is all part of President Moon Jae-in's goal of achieving innovative growth -- by which technological innovation leads to economic growth and job creation.
"This will be the basic blueprint for innovative R&D under the Moon Jae-in government over the next five years. Through enhanced innovation, we will achieve innovative growth, create new jobs and improve people's lives."
The ruling party also vowed to do its part to amend relevant laws and increase the budget to ensure the smooth implementation of the policies and measures.
The government will unveil a comprehensive plan on the matter in mid-July.
Kim Min-ji, Arirang News.
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