Industry
MOTIE to raise mid-sized firms\' R&D budget 20 percent to 65.5 billion won
South Korea\'s Ministry of Trade, Industry and Energy said on Sunday it will strengthen support for mid-sized companies\' research and development, with an emphasis on regional development and manufacturing AX. It allocated 65.5 billion won for this year, up 20 percent from 54.8 billion won a year earlier. The ministry will create regional-only tracks in key programmes and provide more than 60 percent of new tasks to regional mid-sized firms.
