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Parts and materials technology development
Industry Ministry announces plan to promote development of root industry 2021-04-22
2021-04-22 16;55;01.PNG 1
Trade, Industry and Energy Minister Sung Yunmo (second from the left) made an on-site visit to Frontec, a local root company specializing in transactions of materials processing, in Siheung, Gyeonggi Province, on April 22, and announced the 2021 plan for the development of the root industry.
The government plans to invest a total of KRW 158.6 billion (USD 142 million) this year to boost digitalization across the root industry, support high value-added development, strengthen global competitiveness to respond actively to supply chain risks, and set a firm foundation for the next generation root industries using cutting-edge technologies related to the fourth industrial revolution.