Invest KOREA

According to Pulse by Maeil Business News Korea,

South Korea’s largest conglomerate Samsung Group pledged investment of up to 1.5 trillion won ($1.3 million) in research and developments over the next three years in the areas of artificial intelligence (AI), next-generation battery and functional materials for mobile and robotic devices and futuristic vehicles as core innovations for the future. 

The group in conjunction with government offices placed 12 themes from the three sectors for competition in search for novel ideas and innovation for sponsorship. It has put up 1.5 trillion won a year since 2013 to sponsor innovations.

The group picked AI as a project theme for longer-term investment in the area. Next-generation batteries should compensate for the shortcomings of lithium-ion batteries as means of fast charging would become imperative in an age when mobile devices and electric vehicles become commonplace. The key would be shortening the charging time without impairing battery life.

The third theme is new materials to make durable, flexible, and smart mobile and robotic devices, and future cars. “We need a prototype or a material that can be commercialized within three to five years as such new materials are already in high demand.

By Lee Seung-hoon

Copyrights Pulse by Maeil Business News Korea. All Rights Reserved.

Source: Pulse by Maeil Business News Korea (Jul. 12, 2016)