Korea ranks third in patents on nano-technology

South Korea ranked third in the number of disclosed patents in the US last year regarding the nano- technology following the US and Japan, according to government publication Wednesday.

Korea Nano Technology Annual published by the Ministry of Science, ICT and Future Planning showed Korea took third place in terms of the number of nano-related papers in the Science Citation Index journals following China and the US.

As of 2010, Korea’s competitiveness in the nano-technology ranked fourth behind the US, Japan and Germany, according to market research agency Lux Research.

For full article, see Maeil Business.

Korea to invest 930 bln won in nano industry until 2020

Korea will invest 930 billion won ($858.7 million) until 2020 to boost the nano industry as part of its efforts to make the country one of the world’s top three players in the area, the government said Tuesday.

The envisioned investment consists of 650 billion won set aside by the central government for its budget and 280 billion won assigned by the private sector and municipal governments, according to the Ministry of Knowledge Economy. The money will be spent on research and development activities in the nano industry, it added.

In addition to the investment plan, the ministry said that it aims to become the world’s third largest country in terms of global market share in the nano industry. To that end, the government will push to achieve $250 billion in exports of nano products or about 10 percent of the global market until 2020.

For full article, see Korea Herald.