SEOUL, Oct. 10 (Korea Bizwire) – Samsung Group said on October 9 that it has selected a total of 45 research projects for this year as part of its future technology fostering program that the company will invest 1.5 trillion won (US$1.4 billion) for the next ten years.
The projects to be funded by the company include the quantum field theory and superstring theory project by Seoul National University’s Lee Sang-min and other 18 projects in the area of basic science, 14 materials science area projects, and 12 info-tech projects including the new memory development project using the Internet of Things technology.
A Samsung Group official said, “The projects were selected by a panel of experts from Korea and elsewhere.”
Beginning in August last year when the company launched the future technology fostering program, it has so far supported a total of 121 research projects including 111 regularly submitted ones and 10 designated-topic projects.
The company announces the awarding of promising research projects twice a year in three areas including basic, materials, and ICT areas. In addition, it selects once a year candidates for separately designated areas.
The announcement for the first-half 2015 season awarding will be made on December 19 this year.
By M.H. Lee (email@example.com)