Policy

Since the global economic crisis, countries around the globe have experienced an economic recession with high unemployment rate. However, many experts believe the recession is almost over. The government, associations and many companies are ready to make investments in new fields with high potentials.

700 billion won new growth fund investment will help the small and medium size companies.

A comprehensive brain research center will open in 2013. The Ministry of Education, Science and Technology said on Sept. 30 that it has finalized a plan to establish a Korea Brain Research Center (tentatively named) which will play a leading role in conducting comprehensive research on various cerebral diseases and convergence research on the brain in preparation for an aging society.

This brain research center is expected to emerge as a convergence research Mecca encompassing brain medical science, IT and natural sciences, and as a laboratory of brain science.

The Gyeonggi provincial government has decided to develop Gwanggyo Techno Valley as Korea's leading science and technology cluster.

A ceremony was held at Gwanggyo Techno Valley on Sept. 22, where Gyeonggi Province declared its vision to turn the valley into a mecca of state of the art science and announced a brand integration.

The South Korean government announced medical tourism as one of its 17 next-generation growth engines. It set the goal to create a medical tourism boom following countries such as Thailand, Singapore and India.

The Korea Communications Commission (Chairman Choi See-Joong) announced that they spoke about the present condition of Korea's broadband network construction and policy direction with the TF team leader of the Federal Communications Commission (FCC) of the US.  He was on a visit to Korea on September 14, 2009.

"It's important for enterprises to make a preemptive investment, while it's also important to be prudent in a crisis," said President Lee Myung-bak. He particularly reiterated the importance of expanding civilian investment in the IT industry.

The 3 countries of Korea, China, and Japan are creating a joint market to share information in order to prevent power plant accidents.  Each of the countries has experienced accidents with power plants in their own lands.

All the pieces were there - the photo-snapping reporters, the big book of agreements, and flags, the pens.  Indian Commerce and Industry Minister Anand Sharma and South Korean Trade Minister Kim Jong-hoon signed their respective copies of the agreement, and then posed with glasses

The 2009 IT Expo Busan, an international IT exhibition designed to herald U-city Busan and further develop the city’s IT industry, will be held at BEXCO in Haeundae for four days from Sept. 2. Under the slogan of Ubiquitous is Full, about 170 large IT companies and provincial-based firms will display their goods and technology at 500 booths at the international event.