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Home > News > Ministry claims big return on R&D money

January 27th, 2010

Ministry claims big return on R&D money

Abstract:
Among the 12 sectors surveyed, spending on the broadcasting-communications convergence industry was found to induce the most private investment - as much as 7.5 times what the government put in. Light-emitting diode technology was next at 6.8 times, followed by new materials and nanotechnology with 6.4 times.

The ministry said the green transportation industry, which includes electric cars, will be able to create the most jobs using the same investment, with 100 million won leading to an average of 7.3 jobs. The same amount spent in the high value-added food industry would create 7.2 jobs, the ministry said, while 7.1 jobs could be squeezed from 100 million won in LED technology.

Source:
joongangdaily.joins.com

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