Korea Invests $2 Billion in Nanotechnology

 
 
By Soon-A Cho  |  Posted 2003-05-07 Email Print this article Print
 
 
 
 
 
 
 

Investment program will support R&D for core research, securing R&D infrastructure and bolstering commercial scale applications of nanotechnology.

Nine Korean government agencies, including the ministries of Information and Communication, Science and Technology and Commerce, Industry and Energy, have joined together to launch the $2 billion 2003 NanoTechnology Development Program. The government in Seoul, which has been working to promote nanotechnology since last year, announced that the investment program will support R&D for core research, securing R&D infrastructure and bolstering commercial scale applications of nanotechnology. Last years investments in nanotechnology laid the basis for R&D, training scientists and building the research infrastructure, according to officials. Expanding an initial R&D investment of $800 million by $400 million was largely credited with propelling Korea into sixth place worldwide in terms of the number of nanotechnology related research theses and patents.
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