Support for up to 25 billion KRW for 5 years for strategic technology R&D such as semiconductors, machinery and equipment
The government selects 22 representative companies in the domestic materials, parts, and equipment sectors for the first time and accelerates the independence of the minor, department, and cabinet industries.
On the 11th, the Ministry of Trade, Industry and Energy announced that it had selected 22 companies to support the development of key strategic technologies by holding the’Declaration Ceremony of the Chief Executive Officer’ at the Sejong Convention Center.
From October last year, more than 200 experts from 123 companies that applied for the selection for three months were finally selected through a four-step evaluation. The government provides up to 25 billion won per company for five years as R&D funding.
The companies selected this time are 2 large companies, 14 mid-sized companies, and 6 small and medium-sized companies, which are the best technology and growth potential in Korea in the core strategic technology field of small managers. By field, there are 7 semiconductors and displays, 7 mechanical metals, 4 electrical and electronic devices, 3 automobiles, and 1 chemical.
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Among the leading companies, Shinhwa Intertek developed the world’s first QD film that does not require a barrier film that was entirely dependent on Japanese imports in the display sector. Jusung Engineering is ahead of Japan in technology to improve the uniformity of deposition thickness of ALD (atomic layer deposition) equipment applicable to next-generation semiconductor processes. Iljin Materials developed ultra-thin production technology, which is essential for semiconductor substrate circuit fabrication, and exported ultra-thin to Japan.
The government decided to support technology development, commercialization, and advance into overseas markets in connection with 100 programs at the pan-government level, including supporting R&D funding of 5 billion won per year to the leading small-manager companies for the next five years. It was decided to provide a policy fund worth 400 billion won for M&A and facility investment. Minister of Industry Sung Yun-mo said, “We will actively support the leading small company in manufacturing innovation and becoming the center of future industry transformation.” / Reporter Sohn [email protected]
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