Industry
MSIT, education ministry select four national research labs with annual 10 billion won support
South Korea has selected four university-affiliated research institutes as National Research Labs (NRL 2.0) to lead basic research. The Ministry of Science and ICT and the Education Ministry said support will begin on July 1. Each lab will receive up to 10 billion won a year for up to 10 years, though 5 billion won will be provided this year for six months. Funding levels may change depending on future budgets.
