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Full-cycle review system for infrastructure R&D to launch with expert review panel

South Korea's Ministry of Science and ICT said on May 11 it has completed work to overhaul a "full-cycle review system" and will begin full-scale operation after the abolition of preliminary feasibility studies for R&D. The ministry said the system for infrastructure-type R&D shifts from pre-verification focused mainly on economic viability to step-by-step management from planning to completion. It applies to projects costing 100 billion won or more, with at least 50 billion won in state funding.