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S. Korea's R&D policy to focus on innovation in 2019

According to Yonhap News,

(SEOUL=Yonhap News) South Korea is seeking to focus on innovation spearheaded by researchers in executing its research and development (R&D) policy in 2019, the ICT ministry said Wednesday.

The vision was discussed during a gathering of Ministry of Science and ICT policymakers to decide the direction of the country's R&D policy for next year.

"The government will strengthen R&D investment so that it is people-oriented, in which researchers can spearhead innovation and ordinary people can understand the results," the ministry said in a press release.

The plan is the first since the Moon Jae-in administration came into office, the ministry said, adding that the plan was finalized after hearing opinions from relevant policymakers and researchers.

The plan comes amid some concerns that the government's decisions when allocating the R&D budget are sometimes not considerate of researchers in the field.

The ICT ministry also said it will map out detailed plans to create new jobs to capitalize on changes as the world is transformed by the "fourth industrial revolution."

The Moon administration has been advancing various projects to deal with the latest revolutionary changes characterized by a fusion of cutting-edge technologies, such as big data and the Internet of Things (IoT).

The ministry said it plans to carry out various R&D projects to help ordinary people understand the fourth industrial revolution so that they can get a better grasp of changes underway.

Copyrights Yonhap News. All Rights Reserved.

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Source: Yonhap News (Mar. 13, 2018)

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