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Government to Introduce Investment Platform for Scientific R&D

Government to Introduce Investment Platform for Scientific R&D

SEOUL, March 14 (Korea Bizwire) — The South Korean government will introduce a new investment platform for scientific R&D from next year, in which technological, training, and policy support will be provided in the form of a comprehensive package. The new measure, which was deliberated and voted on by the Ministry of Science and ICT during [...]

Gov’t Proposes 2017 Budget in Excess of Record 400 Trillion Won

Gov’t Proposes 2017 Budget in Excess of Record 400 Trillion Won

SEJONG, Aug. 30 (Korea Bizwire) – The South Korean government aims for a 3.7 percent increase in its spending next year to push the annual budget above the 400 trillion won (US$358 billion) mark for the first time, with steep rises planned for youth job creation, expansion of custom-made welfare benefits and stabilization of public [...]