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Gov’t to spend 59.3 bln won on 3D printing technology in 2019

Gov't to spend 59.3 bln won on 3D printing technology in 2019

Written by David

February 21, 2019

SEOUL, Feb. 21 (Yonhap) — South Korea’s science ministry said Thursday that it will spend 59.3 billion won (US$52.7 million) this year to develop core 3D printing expertise to nurture the burgeoning industry. The 2019 budget, up 16.8 percent from a year earlier, will be spent on various 3D printing businesses to spur demand and strengthen national competitiveness, the Ministry of Science and ICT said. The ministry aims to assist the military and industries to produce components using the 3D printing technology, as well as help the medical sector to make artificial bones or rehabilitation devices using 3D printers. Of the total, 27.73 billion won is to be allocated to development of 3D material technology that can be utilized in various industries ranging from medicine to automobile, officials said. “3D printing is a core sector that can create innovation in manufacturing and new markets,” Yong Hong-taek, an ICT ministry […]

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