Wednesday 27 September 2023
South Korea sharply cuts R&D budget for 2024, with 1,200 new researchers likely to be axed
The South Korean government has unveiled a substantial 16.6% reduction or KRW5.2 trillion (US$3.89 billion) in research and development (R&D) spending in its budget proposal for...
Tuesday 26 September 2023
South Korea to invest KRW2.2 trillion in building advanced industry clusters
The South Korean government plans to invest KRW2.2 trillion (US$1.66 billion) in the next five years to strengthen the competitiveness of cutting-edge industries such as semiconductors,...
Thursday 7 September 2023
South Korea focuses on domestic production of materials and components, despite rare R&D budget cuts
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...
Monday 4 September 2023
European public cloud spending to reach US$142 billion in 2023, defying budget cuts amid economic downturn, says IDC
According to the Worldwide Software and Public Cloud Services Spending Guide published by IDC, public cloud services spending in Europe will total US$142 billion in 2023 and will...
Friday 25 August 2023
South Korea's MSIT slashes 2024 R&D budget, raises tech sector worries
The Ministry of Science and ICT (MSIT) in South Korea has made a decision regarding the allocation of the research and development budget for 2024. This move, aimed at enhancing the...