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People

Ku Hyuk-chae visits IBS to seek ways to strengthen basic science competitiveness

Ku Hyuk-chae (구혁채), first vice minister of science and ICT, visited the Institute for Basic Science (IBS) on Tuesday to inspect major research sites and core facilities and to hold talks with research group leaders. The visit was the 19th stop in the Project Empathy 118 initiative. Ku reviewed use of key equipment including a cryo-electron microscope and a supercomputer and discussed ways to expand research fields, recruit talent and improve flexibility in using research funds.

Industry

South Korea research industry totals about 21,000 firms, sales 28.6 trillion won

South Korea\'s research industry comprises 21,007 companies that generated 28.6 trillion won in domestic and overseas sales in 2024, a government survey showed. The number of firms rose 6.1 percent from a year earlier, while sales increased 3.6 percent. The biggest revenue segment was contract research. Research-industry employment totalled 190,000 people. The share of firms with research units and in-house R&D performance increased, while total R&D spending fell 2.5 percent.

Industry

Science ministry to support overseas sales of Korean lab equipment with pavilions at Germany, Japan trade shows

South Korea\'s Ministry of Science and ICT said on Monday it will operate Korean pavilions at two of the world\'s three major laboratory equipment exhibitions, Germany\'s Analytica and Japan\'s JASIS, to support exports of domestically made research equipment. Analytica 2026 is being held in Munich through March 27, with several Korean companies taking part in buyer meetings. Applications for JASIS 2026 will be announced in April.