Korean rocket development level 2 starts in August with 732 million USD investment

The 2nd development project for Korean rocket (projectile) will start in August. 2nd level targets developing a 75-ton liquid engine, which is the the main technology for Korean rocket, and thus will be investing 732 million USD until 2018.  Ministry of Science, ICT, and Future Planning (MSIP) plans to finish the 1st level development and evaluate by upcoming July and start the 2nd level development in August.

The project goal is to develop a 75-ton liquid engine and successful launch test according to it. The Korean rocket will have 1st level engine that has four 75-ton liquid engines tied together, 2nd level engine with one 75-ton liquid engine, and 3rd level with 7-ton liquid engine. The 75-ton engine that used in 1st and 2nd level is the most important factor for deciding the success in developing Korean rocket. MSIP will complete the rocket and engine detailed structuring via 75-ton liquid engine developmental testing and ground firing test.

For full article, see ETnews.

IoT test cities will be technology proving grounds

The government plans to designate two cities where local and foreign companies developing businesses related to Internet of Things (IoT) technologies can test products and services and get consumer feedback. Under the plan, the central and regional governments will establish a fund to establish super-fast telecom networks and basic data transfer infrastructures. The cities will test smart health care devices and a digitized public administration system. The testing will last three years.

The Ministry of Science, ICT and Future Planning (MSIP) announced Thursday it will allocate 12.6 billion won ($11.5 million) this year for the project, 7.5 billion won for the smart health care project and 5.1 billion for the smart public administration project. The ministry will begin accepting project applications from city governments today. The IoT test-bed project is part of the government’s effort to help private sector IT companies, and it will be a first step toward studying the impact of IoT devices on the legal system.

For full article, see Joongang Daily.

POSTECH research team drastically improved graphene production efficiency

Professor Jo Gil-won
Professor Jo Gil-won

A Korean team of researchers developed a method to synthesize thin graphene film by rolling up metallic foil used as a catalyst. The research team of Professor Jo Gil-won from POSTECH Dept. of Chemical Engineering, researcher Bong Hyo-jin and Dr. Jo Sae-byeok announced on the 19th that it had developed a technology to drastically improve production efficiency of graphene, which is drawing attention as a ‘dream material’ because of its electric conductivity higher than copper, strength greater than steel and thermal conductivity higher than diamond, by rolling it into the form of a scroll.

The outcome of this study, which was recently published as a cover paper of an international academic journal for materials field ‘Nanoscale,’ draws academic circles’ attention by being a technology for large-area mass-production system that is directly relevant with graphene commercialization. Although numerous studies are being conducted on graphene competitively across the globe, studies about large-area mass-production system have not made any progresses. This is because not only it involves a large amount of raw ingredient and energy consumption, but also it requires complicated facilities and a long production time.

For full article, see Korea IT News.


World’s 1st IoT complex to be constructed in Korea

2015_01_IoT complexThe audience can see action replay of specific scenes at a ball park on the weekend using a WiFi-enabled smartphone. They also can order chicken and beer from a snack bar to the very seat they are sitting. Such ‘Smart Service’ is expected to be realized in some cities of Korea from the second half this year. According to the Ministry of Science, ICT and future planning and the National IT Industry Promotion Agency (NIPA) on Sunday, two complexes of Internet of Things (IoT) would be constructed in Korea for the first time in the world. In these complexes, even business processes are connected to the internet, beyond connections between equipment and person and between equipment and equipment.

Candidate locations narrowed down to the four – Bukchon (traditional culture) in Seoul, Centum City in Haeundae Busan, Songdo in Incheon and Health Care Complex in Daegu. The government is expected to select two among the four places by March, introducing service in the second half through preparations including platform construction. It has already allotted budget worth 12.5 billion won ($11.5 million) for the materialization of the complexes.

For full article, see Maeil Business.


IoT and software projects to receive 93 billion USD in loans

The government will provide loans of 100 trillion won ($92.3 billion) for the development of the Internet of Things (IoT) and other software projects to foster new growth engines. In a joint briefing Wednesday, the Ministry of Science, ICT and Future Planning and four other ministries said the state financing scheme will benefit fifth-generation mobile networks, bio medicine, solar and fuel cells, bio energy and nano semiconductor and sensor technologies.

“We will help finance hydrogen cars, zero-energy towns and the Internet of Things (IoT) in 17 regional Creative Economy Innovation Centers,” said Science, ICT and Future Planning Minister Choi Yang-hee. These centers will also involve Hyundai Motor, Hyundai Heavy Industries, LG, Doosan, Lotte, Hanwha, CJ, GS, Hanjin, KT, Naver and Daum Kakao. The innovation centers are a pet project of President Park Geun-hye — Daegu, Daejeon, Gumi in North Gyeongsang Province and Jeonju in North Jeolla Province are currently home to such centers.

For full article, see Korea Times.

Led by chips, Korean ICT exports hit a record high in 2014

2015_01_ICT exportKorea’s exports of information and communications technology (ICT) products and services reached a record high of $170 billion last year, the government reported Thursday. According to data released by the Ministry of Trade, Industry and Energy and the Ministry of Science, ICT and Future Planning, ICT products accounted for almost 30 percent of the nation’s $573 billion in exports, contributing to a 2014 trade surplus of $86.3 billion.

Semiconductors were the top ICT export category, thanks to DRAM and 3-D NAND flash memory chips. In 2014, memory chips became the nation’s first export product to surpass $60 billion, increasing 9.6 percent year-on-year to reach $62.7 billion. Semiconductor exports surged 33.2 percent last year to a record $34 billion, while shipments of system semiconductors slumped 9.8 percent to $22.5 billion. Exports of display panels slipped 3.2 percent, as demand dropped in China, Hong Kong and Southeast Asia. Chinese producers of cheaper panels also dragged down prices for LCD televisions.

For full article, see Joongang Daily.


Korean government to invest 3.5 billion USD on science, technology, ICT R&D

2015_01_korea scienceThis year the Ministry of Science, ICT and Future Planning (MSIP) will invest 3.9520 trillion won (US$3.578 billion) in research and development (R&D) on areas of science and technology and Information Communications Technology (ICT). The MSIP announced on Jan. 4 that it has confirmed the “R&D Business Comprehensive Implementation Plan,” which invests 2.9037 trillion won (US$2.63 billion) in Science and Technology and 1.0484 trillion won (US$949.12 million) in ICT.

The investment scale this year, which excludes research and operating expenses of the National Research Council of Science and Technology and research institutes under the direct control from its total R&D budget of 6.5138 trillion won (US$5.9 billion), is to grow 7.9 percent compared to last year. By sector, technology development accounts for the largest part of the budget with 2.2508 trillion won (US$2.04 billion), following basic research with 744.3 billion won (US$673.88 million), foundation construction with 640.2 billion won (US$579.63 million), commercialization and standardization with 161.7 billion won (US$146.4 million), and science and technology and ICT manpower training with 155 billion (US$140.33 million).

For full article, see BusinessKorea.

LTE evolves into service of the mobile majority


Subscribers to the long-term evolution service, the fastest internet broadband, are estimated to have surpassed 50 percent of mobile phone users in Korea.  According to the domestic telecommunications industry yesterday, the number of LTE service subscribers at the three major service providers – SK Telecom, KT and LG U+ – stood at 27.35 million out of 54.4 million mobile phone users.

The Ministry of Science, ICT and Future Planning, which tracks the country’s information and telecommunications market, has yet to compile data for November. Its October data put LTE subscribers of the three mobile carriers at 26.59 million, or 48.9 percent.  An average of 700,000 to 900,000 LTE subscribers are added monthly.

For full article, see Joongang Daily.


Korean Government boosts its goals for space

2013_11_map_to_spaceKorea plans to launch an exploratory lunar probe aboard its own launch vehicle by June 2020 and later embark on missions to Mars and asteroids by 2040, the Ministry of Science, ICT and Future Planning announced yesterday.This represents a revision of the space development blueprint that moves up the time frame of the lunar landing mission and outlines a budget and other long-term space plans.

The advancement of Korea’s space program is one of President Park Geun-hye’s key pledges in line with other projects aimed at fostering the sciences and engineering fields. Initially, the development of the space launch vehicle, or rocket, was scheduled for September 2021 with a budget of 1.545 trillion won ($1.45 billion). The ministry pushed up the schedule by one year and three months, and boosted the budget to 1.957 trillion won.

For full article, see Joongang Daily.

Gov’t to pick 4th mobile carrier

Korea is expected to see its fourth mobile telecommunication services provider in March at the earliest, as the government plans to allow a variant of long-term evolution (LTE) technology to cut phone-bill costs and meet growing demand for LTE service. Government officials said the time is ripe for the nation to see its fourth mobile carrier considering the growing popularity of the LTE-enabled services, and Seoul’s recent decision to shift WiBro networks toward LTE-TDD (Time-Division Duplex) ones.

“We have no question the market should get a new telecom service provider for better consumer benefits amid the industry’s shift towards LTE devices,” said an official at the Ministry of Science, ICT and Future Planning (MSIP), Sunday. “The government plans to issue a license to the Korea Mobile Internet (KMI) Consortium to launch a new service with LTE-TDD by early 2014,” the official said.

For full article, see Korea Times.