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Crystal ball is backed with cash

  PLAY AUDIO

Apr 20,2004
A group of ministries said at a press conference yesterday that the administration had selected 48 technologies on which to lavish support and money. The technologies are current ones or are expected to be commercially viable within five years. At the press conference, officials from the ministries said this year’s investment in those products would be 405 billion won ($351 million). The largest group of products, 11, are biotechnological in nature. Digital television sets and digital multimedia broadcasting terminals are also included. The government set up 141 “technological challenges,” as it put it, to develop the 48 products; up to 28 billion won will be earmarked per technology project this year. The Ministry of Information and Communication said it would spend the largest amount this year, 219 billion won. The Ministry of Commerce, Industry, and Energy was second among the group, with 145 billion won of outlays. The Ministry of Science and Technology is third with 25 billion won in budget allocations. The Ministry of Health and Welfare has 12.5 billion won in budget, and the Ministry of Agriculture and Forestry will invest 2 billion won. To finalize the project, the government created a special committee. The ministers of finance and science will co-chair the committee, and officials from commerce ministry and information ministry and working-level officials from the government and academia will become part of the committee. The first conference of the committee is scheduled today, and will discuss ways of completing the project and coordinating among the ministries. The government plans to have a complete picture of the project by next month. A working-level committee under the special committee will draw plans to carry out the project in detail, which will be reviewed and approved by the special committee. by Shim Jae-woo


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