South Korea's government will be funded from 2018 onwards to support the development of 13 new growth power areas, the relevant plans have been finalized. 2018 will invest 1.56 trillion won (about 1.5 billion U.S. dollars), in 2018-2022 years will be invested in 7.96 trillion won research and development investment, estimated 2025 can create 550,000 jobs. According to ZDNet Korea, the South Korean government has recently finalized the "Innovation and Growth Momentum plan" and selected 13 new growth power areas to be subsidized, namely big data, new generation communications, artificial intelligence (AI), self-driving, unmanned aerial vehicles, health care, intelligent City, virtual reality ( VR) and augmented Reality (AR), intelligent robots, smart semiconductors, High-tech materials, new drugs, renewable energy, etc. The Ministry of Science and Technology Communications (MSIT) and related departments will be supported by the need to create more employment opportunities and other projects to assess, and consider the impact of technology commercialization on people's lives, according to the characteristics of the field and commercial time, divided into early commercialization and mastery of the core technology two categories. The promotion policy of early commercial class is to loosen the law and field test, and guide the private industry to participate actively. First of all, from driving, large data, customized health care, such as the adoption of new technology areas to modify the norms of small and medium-sized enterprises to provide financial assistance, to help establish infrastructure. In the intelligent city, VR and AR, Renewable energy field to promote large-scale research and production cooperation; In intelligent robots, unmanned aerial vehicles and other public institutions use more areas of support to achieve performance as soon as possible. Mastering the core technology category is focused on supporting commercialization and core research, such as the development of applications for new generation communications, High-tech materials, and intelligent semiconductor products and services to promote the development of international standards. Support ongoing core research in the field of new drugs, artificial intelligence, and improve the development environment. In addition to the 13 areas of innovation and growth, the South Korean government also plans to increase the necessary new growth momentum candidates for cross-ministry cooperation, and has now selected projects such as smart factories, intelligent agriculture, autopilot, block chains to announce detailed plans by the end of March 2018. The future will be to promote the group, business groups, business cooperation units and other organizations to promote, to simplify the dispersed in the Department of the promotion process, accelerate operational efficiency, and the adoption of technology research and development results and systems to untie the supporting programs to enhance investment efficiency. At the same time, for the development of the field of growth research programs matching, regular planning to promote assessment, at any time to respond to the results, as a policy-driven improvement matters. The results and the degree of business will also be actively tracked, the annual application of the status of patent applications survey. To create more jobs for young people, it must try to keep companies from piling up funds and investing in new ventures, the ministry said. The innovation growth impetus plan will drive the innovation growth, lets the industry 4.0 and I-korea 4.0 be able to carry on smoothly, the cross ministry and the folk cooperation is more important. Specific implementation elements in various areas will be finalized by the end of March 2018.
