By IQT News posted 06 Feb 2019

(Sociable.com) The Republic of Korea’s Ministry of Science and ICT (MSIT) announces it will invest $40 million in quantum computing over the next five years. The MIST press release explained, “Over the next five years, we will develop core technologies such as quantum computer hardware and Quantum Computing New Architecture, Quantum Algorithms, Infrastructure, etc.”
The new quantum computing research will include:
–Investment of KRW 44.5 billion ($39.7 million) for 5 years to develop core technology of quantum computing and to expand research base
–Investment of KRW 13.4 billion ($11.9 million) in next-generation ICT technology including ultra high-performance computing knowledge data convergence, system software, software engineering, information and intelligence systems, and human-computer Interaction (HCI)

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