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South Korea focuses on domestic production of materials and components, despite rare R&D budget cuts

Lin Yu-Chun, DIGITIMES Asia, Taipei 0

Credit: DIGITMES

The South Korean Ministry of Trade, Industry, and Energy (MOTIE) has allocated a budget of KRW11.22 trillion (approximately US$84.9 billion) for the year 2024. Based on President Yoon Suk-yeol's principle of "sharing wealth among all," while the research...

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