Source: Content
Translated from
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Central News Agency
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The South Korean government recently announced a "R&D support plan for raw materials, components, and equipment" to respond to Japan's trade restrictions. It will designate more than 100 key materials in industries such as semiconductors and displays, and invest more than 5 trillion won (US$4.1 billion) to support the research and development of key materials.
On July 4, Japan's Ministry of Economy, Trade and Industry implemented stricter controls on exports of three key electronic raw materials to South Korea, including fluorine polyimide, resist and etching gas, sparking dissatisfaction in South Korea.
Subsequently, Japan and South Korea removed each other from the trade preferential list, and the Japan-South Korea trade war intensified.
South Korea's Yonhap News Agency reported that the Ministry of Science, ICT and Information Technology said the plan was finalized at an expanded ministerial meeting chaired by Prime Minister Lee Nak-yeon today to respond to Japan's export control measures.
According to the plan, the South Korean government will designate more than 100 key materials in industries such as semiconductors and displays, and invest more than 5 trillion won from 2020 to 2022 to fully support the research and development of these materials.
The report pointed out that the South Korean government has also proposed a plan to gather the strength of industry, academia and research.
According to the plan, the government will designate an institution to conduct emergency research, temporarily named the "National Research Laboratory (N-LAB);
designate a test research facility, temporarily named the National Facility (N-Facility) to commercialize core materials and components; and
establish a national research consultation mechanism for various categories to keep abreast of problems encountered on the R&D front and domestic and international trends.
The Ministry of Science, Technology, Information and Communications said it will use strategic investment, production process innovation, deregulation, customized support programs, and independent control of supply sources to break away from external dependence and turn the crisis into an opportunity.
In addition, in the "Measures to Enhance the Competitiveness of Raw Materials, Components and Equipment" announced by the South Korean government on the 5th of this month, it was announced that key items will only come from six fields: semiconductors, displays, automobiles, electronics and electrical, mechanical metals, and basic chemicals.
The report pointed out that for material items with high technical standards in South Korea, if there is hope to diversify import sources, research and development will be carried out with globalization as the goal;
if import diversification is difficult, supply and demand companies will be supported to cooperate in commercialization.
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