Korea’s R&D in IT and biotech on the rise

Korea has been increasing its research and development projects in the fields of information and technology and biotechnology, spearheaded by 30 state-run agencies over the last three years, according to the National Science & Technology Commission.

R&D investment in software, renewable batteries and displays accounted for 19.4 percent of the total last year, up from 18.3 percent in 2009, the commission reported on Sunday.

Meanwhile, investment in the development of new drugs, and the welfare and medical industries accounted for 19 percent, up from 17.7 percent during the same period

For full article see Korea Herald.