The Korean government signaled its determination to cultivate the country’s IT industry by outlining plans to invest $130 million in nine strategic industries and to boost systems integration exports.
Seoul’s Ministry of Planning and Budget will pour $30 million into next generation mobile telecoms, $20 million into digital TV, and $20 million into home robots. Other areas attracting government cash are home network systems, embedded software, digital content, and telematics.
At the same time, Korea is trying to nurture its systems integration exports, with officials looking at ways to help local companies get work overseas. In addition, the Korean Export and Import Bank and Korea Export Insurance Corporation pledged their support.
This article was based on material originally published by ComputerWire.