| Mobile Web

MSIT to step up private R&D innovation centered on corporate research institutes

South Korea's Ministry of Science and ICT said on Feb. 11 it will implement the K-HERO fostering and support programme for corporate research institutes and a separate initiative to promote cooperative and convergent science and technology commercialisation. The ministry said it will add a new R&D commercialisation linkage category this year and expand support to firms with lower R&D capacity but strong growth potential. It plans to select 16 new projects and invest 14.2 billion won over 1 to 4 years.