The Ministry of Trade, Industry and Energy

has embarked on a restructuring of the R&D business먹튀검증, including the contents of largely handing over the leadership of its own R&D (research and development) business, which exceeds 5 trillion won, to the private sector. On the 29th of last month, President Yoon Seok-yeol ordered a major operation on the entire national R&D budget of more than 30 trillion won per year, and the ministry started to prepare countermeasures.

According to the government and industry on the 2nd, the Ministry of Trade, Industry and Energy has begun preparing plans to improve the R&D system, with the main content being the transfer of the initiative in R&D promotion, such as task selection and evaluation, to companies and the private sector. Among the national R&D budget exceeding 30 trillion won, the Ministry of Trade, Industry and Energy budget amounts to 5.7 trillion won, or about one-sixth.

First of all, in order to create effective results, it was decided to change the R&D planning, implementation, and evaluation system to center on the private sector and technology consumers. This is in response to the criticism that government-funded research institutes (appearances), universities, and public institutions have been leading R&D, and the performance has been insufficient. The policy is to let companies and the private sector, including hospitals, exercise full power in the selection and change of participating institutions and the distribution of research and development expenses, and to hand over evaluation to the private sector, including companies and experts.

In addition, if commercialization is successful through government R&D, it will be discussed with related ministries on a plan to greatly enhance compensation for excellent researchers by using technology fees that companies pay to the government according to their contribution to sales. Six government-funded research institutes focusing on industrial technology, including the Korea Institute of Industrial Technology, are also discussing plans to change the evaluation system so that companies can focus on developing technologies they want.

It is known that a plan to change the evaluation standard, which has been absolute evaluation, to a relative evaluation is also being considered. In addition, as it is pointed out that small-scale R&D projects of a distribution type are crowded, plans to expand R&D support centered on medium-large projects are also promoted.

Meanwhile, it actively supports global joint research on six high-tech industries such as semiconductors, batteries, and autonomous driving. It plans to establish a ‘Global R&D Partnering Center’ at leading universities and research institutes in the US, such as MIT and Stanford, and establish a program to conduct joint research by dispatching domestic researchers. To this end, 10% of the ministry’s new R&D budget will be allocated to international cooperation, and exclusive R&D projects targeting foreign-invested companies such as semiconductors and aviation will also be established. An official from the Ministry of Industry said, “First of all, we will start with what is possible by revising our own notification, and we will discuss matters that require cooperation with other ministries.”

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