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Next year, bio-health R&D budget is 1.1 trillion won(KRW) 8.2% year-on-year increase

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Date 2019.07.01 Writer Administrator
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Future-oriented automobile intensive investment>

 

In the next year, the national research and development (R&D)

project in the bio-health field will be investing 1.12 trillion won(KRW),

8.2more than the budget this year.

 

The Ministry of Science and ICT announced on June 28 that the 6th meeting of 

the National Science and Technology Advisory Council confirmed the 

"budget allocation and adjustment of the national research and development project in 2020".

 

The Ministry of Science and ICT said it will invest 16.9 trillion won(KRW)

in the national R&D program next year, up 2.9from the budget this year.

 

It will invest 1.48 trillion won(KRW) in three major industries such as system semiconductors, 

futuristic automobiles, bio-health and will invest 1.97 trillion won(KRW) in basic research.

 

In order to create new industries and services, the main feature of next year's budget is 

to strengthen investment in bio-health, system semiconductors and future automobile.

 

Kim Sung-soo, Director of the Center for Innovation of Science and Technology, explained, 

"We focused on accelerating innovation growth and enhancing our science and 

technology capabilities.“

 

The R&D budget allocation and adjustment plans for next year will be notified to 

the Ministry of Economy and Finance by June 30.

 

the Ministry of Economy and Finance, together with the humanities and social sciences R&D budget, 

will determine the government budget for next year and send it to the National Assembly in September.

 

SENDEX 2019 Secretariat 

 

From E-health INC.