S. Korea Earmarks 841 bln Won for Key Materials, Parts Development

SEOUL, Feb. 3 (Korea Bizwire) — South Korea will earmark 841 billion won (US$697.4 million) for research and development of key materials and parts this year in a move to reduce dependency on foreign supplies and boost competitiveness of local industries, the industry ministry said Thursday. It is up 22 percent from last year’s budget, [...]