South Korea's Science Ministry to Allocate 730.8 billion won ($548.7 million) This Year to Boost the Local Software Industry

South Korea's Science Ministry to Allocate 730.8 billion won ($548.7 million) This Year to Boost the Local Software Industry

The Korea Herald

Second Vice Science Minister Kang Do-hyun announced the investment plan during his first on-site meeting with software companies since his appointment last month. The ministry said the country should strengthen its competitiveness in the software industry. In detail, the ministry plans to spend 121.9 billion won in improving the cloud computing industry and 2.5 billion in helping South Korean companies break into the global market.

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