SEOUL, KOREA – The Korean government will invest over KRW one trillion in R&D projects this year. In particular, KRW 40.3 billion will be spent to nurture 5,200 energy experts. The Ministry of Knowledge Economy (MKE) said Sunday it will set aside a total of KRW 1 trillion to promote the energy industry’s technological innovations and secure new growth engines.
SEOUL, KOREA – Gwanggyo Techno Valley will become a full-blown, state-of-the-art energy grid complex. On Monday, the Gyeonggi Small Business Center (GSBC) announced that Gwanggyo Techno Valley was selected as a beneficiary of the K-MEG (Korea Micro Energy Grid) project, which has been pursued by the Ministry of Knowledge Economy and Samsung C&T Corporation to steel Korea against energy crises.
SHANGHAI, CHINA - The Asia Electronics Exhibition in Shanghai 2012(AEES 2012), which opened at the Shanghai New International Expo Center (SNIEC) on October 31st, closed its three-day exhibition on November 1st. This year’s event garnered participation from 239 companies with 489 booths from five countries including Korea, China, Japan, Taiwan, and Hong Kong.
SEOUL, KOREA - This year, the rate of growth in trade has slowed internationally due to a worldwide economic slump. A decrease in the rate of world export growth in 2012 became sharper as international trade began to diminish beginning in the second half of 2012.
SILICON VALLEY, USA — US Correspondent of Korea IT Times, Sam Sung-hwan Hwang, conducted an interview with Jae-hong Kim, head of the Office of New Growth Engines at the Ministry of Knowledge Economy (MKE) at ‘K Tech@Silicon Valley 2012’ to promote the Korean technological wave in Silicon Valley.
SEOUL, KOREA — “IT is the future of our industries,” said Il-jun Park, Director General for Electronics & IT Industries of the Ministry of Knowledge Economy(MKE) at the September breakfast seminar hosted by the Information Professional Association of Korea
SEOUL, KOREA — IPAK or IT Professional Association in Korea (www.ipak.or.kr) has begun accepting entries (Deadline is on August 31) for the “24th Global Software Contest.” Those who are interested should visit its website (http://globalswcontest.com/eindex.php) to download application forms and development summary forms.
SEOUL, KOREA – A hundred years of Cathode-Ray Tube (CRT) cannot measure up to the recent ten years of the Display market’s rapid improvement. Liquid Crystal Displays (LCD) have dominated the global display market with over 80% share, replacing CRT with the benefits of less power consumption, smaller size, high definition and less electromagnetic wave.
SEOUL, KOREA – Where there is a will, there is a way. But in Europe where Greek’s economic crisis is swamping the EU members, people are losing their will to find a way. They as a result stop spending, and consumer markets contract. In the United States, though news reports are willing to show signs of reviving economy, it still is a long way to go.
SEOUL, KOREA — According to the Ministry of Knowledge Economy, Korea’s robot production in 2011 reportedly doubled 2010’s figure. Export in the same year also went up two times higher than its previous year 2010.
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