South Korea to concentrate on R&D in 10 sectors; quantum is one emphasis
(BusinessKorea) South Korea is aiming to surpass Japan and the European Union within 10 years in the 10 industries including artificial intelligence, 5G and 6G communications, biotech, robot, quantum, and aviation and aerospace.
South Korea’s technological level and R&D investment in such sectors are much below those of high-tech industry leaders. In the quantum industry, South Korea’s level is 62.5 percent of that of the global leader whereas those of China and Japan are 93.2 percent and 90.4 percent, respectively. In 2019, South Korea’s R&D investment in the sector stood at 20 trillion won whereas those of the United States, the European Union, China and Japan were 224 trillion won, 124 trillion won, 77 trillion won and 39 trillion won, respectively.
The South Korean government’s new goal is to raise those technological levels to at least 90 percent of the highest in the world by 2030. The rest of the 10 are semiconductor and display, cyber security, hydrogen technology, and secondary battery.