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S.Korea to invest KRW 1.3 tn to preoccupy international standards of digital and low carbon technologies over 5 yrs

According to Yonhap News,

(SEOUL=Yonhap News) Over the next five years, the Korean government will invest about 1.3 trillion won in acquiring international standards of digital technology and low-carbon technology, and supporting innovation of companies.

On June 13, the government said that it held the "1st National Standard Review Council", deliberating and making resolution on the "5th National Standard Basic Plan" established jointly by relevant authorities.

The 5th Basic Plan consists of 4 strategies and 12 projects, including standardization for preoccupying the global market (166.3 billion won), standardization to support innovation of companies (838.8 billion won), standardization for people's happy life (189.1 billion won), and establishment of innovation-led standardization system (154.6 billion won).

By 2025, a total of 1.3489 trillion won, the largest scale ever, will be invested.

The government plans to convert current PDF-type standard documents into machine-readable type to actively respond to digital transformation. International standards on 5G·6G based network, AI technologies and untact technologies will be developed as well.

For carbon neutrality, standardization of Uni-material will be pursued for easy recycling and waste sorting. Uni-material is an eco-friendly material that reduces harmful substance through material simplification while enhancing recyclability.

The participants also agreed to focus on standard development of new and renewable energies including solar power and wind-power.

In addition, to make people's everyday life more convenient, they will push for standardization of 'everyday items requiring charging.'

The standards to ensure compatibility of household products such as a power adapter of small digital electric appliances will be enacted and distributed. To help rapid proliferation of electric vehicles, standards related with increasing electric vehicle charging capacity will also be developed.

"One-stop service for multiple certifications of one item" will be expanded to reduce companies' burden of certification. Also, an effort will be made to turn Korea's representative certifications, KS and KC, into global brands.

Minister Moon Sung Wook of MOTIE said, "The role of standardization is very important in realizing government policies like digital transformation and carbon neutrality," adding that "we will do our best to make standardization a driving force for people's safe life and advancement of Korea's industries."

Source Text

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Source: Yonhap News (June 13, 2021)

** This article was translated from Korean.
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