Ministry to expand R&D spending, financial aid for autos, chips, batteries
IndustryDec 18, 2018
The Ministry of Industry on Tuesday unveiled a comprehensive plan aimed at revitalizing the sluggish auto sector and increasing state spending on research and development for manufacturers of chips and batteries to secure their leadership in the global market. For auto parts makers suffering from shrinking sales at home and abroad, the government plans to provide 3.5 trillion won ($3.1 billion) ...