DID YOU KNOW THAT:
KIAT is the government’s R&D founding agency that belongs to the Ministry of Trade, Industry and Energy (MOTIE). It guided Koreas innovation system and had a budget of USD 1.17 billion in 2012 and employs about 300 staff. KIAT directly supports firms in their R&D efforts, has a strong planning and advisory capacity through which it targets funding certain “growth areas”.
KEIT is a government affiliated organization under the Ministry of Trade, Industry and Energy. KEIT is a technology think-tank charged with the missions of policy research, R&D management, technology assessment and international cooperation. Its role is to support technology planning and implementation and to act as a catalyst to expand technology infrastructure.
Korea Industrial Complex Corp. upgrades the brand value of a Korean industrial complex by providng stable manufacturing facilities at low prices to help small- and mid-sized companies launch new business. They also provide lease service in foreign investment zones that are developed to adopt advanced high-tech technology and promote foreign investment.