Samsung Economic Research Institute: Korea to be vanguard of innovation

Flexible AMOLED developed by Samsung Mobile Display

Developing and advancing software and material technologies will lead the industry for the next few years and Korea along with China will be the vanguard of this innovation, according to Samsung Economic Research Institute.

The think tank chose top 10 promising technologies based on ingenuity and market potential, and noted that the software and material technologies are currently more relevant while technologies related to the manufacturing process were of the past.

“Software and material technologies are progressing prominently. As technologies such as cloud computing, Web standards, big data analysis saw rapid advancement, research and development on software is very actively being conducted, with 44 percent of the venture capital investment in the United States targeting the sector,” Lee Sung-ho, a research fellow at the institute, said in the report.

For full article see Korea Times.