(MENAFN) The South Korean government said it will invest USD400 million this year to help developing new and original goods and technologies for the economy and exports, Yonhap News reported.
The Ministry of Trade, Industry and Energy said the government seeks to develop 13 new industrial growth engines which include smart wearable devices, self-driving vehicles and high-speed unmanned aerial vehicles.
For the development, the government will invest a total of USD230 million this year, with an additional USD174.46 million allocated for the commercialization of the new growth engines.
"The ministry will soon launch the so-called stepping-stone project that will allow early commercialization of products that are made available as an interim outcome of the development program," it said.
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