According to Yonhap News,
The government said Friday it will offer 25.5 trillion won (US$17.6 billion) worth of loans to advanced industries next year in a bid to foster their growth.
The sum is a nearly 40 percent increase from this year, underscoring the importance the government places on developing cutting-edge industries, such as the semiconductor, display, battery and bio sectors.
"The government will continue to secure the competitiveness of our advanced industries by fully mobilizing various means, such as banking, tax systems, finance and infrastructure," acting President Han Duck-soo said while presiding over a meeting of the national advanced and strategic industry committee, which brings together government officials, industry representatives and experts to review and decide policies for cutting-edge industries.
Han also said the government plans to designate two new "national advanced and strategic technologies" in the robot and defense sectors.
In the robot sector, the technology involves the design and manufacturing of humanoid robots capable of moving at speeds of over 3.3 meters per second and carrying loads of more than 20 kilograms.
In the defense sector, the technology involves the production of core parts and materials for advanced aircraft engines.
Moreover, Han said the government will provide full support to successfully complete the construction of 12 industrial complexes for cutting-edge companies in the country.
hague@yna.co.kr
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Source: Yonhap News (December 20, 2024)