Reference News Network reported on December 24 that overseas media reported that as the government is committed to improving the global competitiveness of cutting-edge technology industries, South Korea ’s public investment in future industrial materials and nanotechnology will jump by 136% in 2020.
According to a report by the Yonhap News Agency on December 22 of Taiwan ’s “Economic Daily” website, the total amount of this investment reached 233.6 billion won (1 yuan is about 165.6 won), a 136% increase from the total of 98.8 billion won this year. South Korean authorities said on December 22 that the investment project will focus on purchasing original technology, expanding research and development infrastructure, and establishing a robust business ecosystem.
According to reports, according to reports, the relevant research and development expenditure is 128 billion won.
In terms of research and development, next year will invest heavily in advanced nanotechnology and materials industries, ranging from micro sensors and components to medical, energy and environmental fields; part of the funds will be used to assist research and development and obtain key new technology. Patents; the remaining funding will help South Korea reduce its dependence on foreign components.
According to the report, the South Korean government has also invested heavily in supporting the expansion of the production of advanced semiconductor materials in South Korea, and will also invest funds to bring technology and products to the market.
According to a report on the website of the United Daily News on December 22, the Global Investment Bank recently issued a research report stating that the Korean semiconductor industry is expected to recover next year, driving the country ’s stock market, the Korea Composite Stock Index (KOSPI), to 2,300 points. This year KOSPI averaged 2100 points.
BNP Paribas recently raised the rating performance of South Korean stocks and said that the semiconductor market cycle has bottomed out and will start to climb next year, which indicates that the economy will recover cyclically.
The report said that the investment bank pointed out in the report that excess inventory will gradually decrease next year, and demand for data centers and smartphone manufacturers will resume. The average KOSPI water level is 2325 points.
Credit Suisse's recent report also pointed out that the Korean semiconductor, automotive and petrochemical industries will increase their profits by 30% next year, with the chip industry performing the best. The U.S. investment bank DJM also raised the performance of Korean stocks last month due to stable chip prices, normal inventory and increased demand for 5G services.
According to the report, however, Citi is sadly looking at the performance of Korean stocks next year. The bank wrote in a research report issued on November 29: "Although the market is entering a new year, we would rather wait for the next decline before turning to See more. "
The picture shows the headquarters of Samsung Electronics Group in Seoul, South Korea. Xinhua News Agency / EPA