Shortcut to Body Shortcut to main menu

Investment News

S. Korea shifts strategy on unmanned vehicle development
Date
2016.05.17

According to Yonhap News,

(SEOUL=Yonhap News) The South Korean government announced plans Tuesday to streamline its underperforming programs in efforts to advance the local unmanned vehicle industry.

It will focus first on developing "common technologies" crucial to drones, driverless cars and unmanned vessels, according to the Ministry of Science, ICT and Future Planning.

The government has invested around 284 billion won (US$241 million) in the related sector over the past four years.

"But it's evaluated to lag behind China and advanced nations in price and quality," the ministry said.

So far, South Korea has pushed for the separate development of land, air and maritime unmanned vehicles, which takes more time and money, it noted.

The government has decided to shift to a strategy to develop "common and combined platform" technologies and will launch an interagency task force in May, added the ministry.

It will pour a total of 40 billion won into the new project over the next three years.

lcd@yna.co.kr

Copyrights Yonhap News. All Rights Reserved.

Source Text

Source: Yonhap News (May 17, 2016)

Related News

    Meta information

    Services

    Invest KOREA provides services support your investment journey.

    Find Nearby Invest KOREA Offices

    Discover nearby offices for Convenient access in your area

    Go to Overseas Office Site