13th Meeting to Promote BIG3
Government to Increase BIG3 Support
to Over 5 Trillion Won Next Year
Deputy Prime Minister Hong Nam-ki presided over the 13th Meeting to Promote BIG3[1], a subsidiary committee of the Industrial Innovation Meeting, held on July 29, and pledged strong support for BIG3 as the country’s major growth engines. DPM Hong talked about plans to accelerate BIG3 support in his keynote address, as well as directions to promote open innovation in the BIG3 areas. Other topics of discussion were to increase eco-friendly car fueling stations, produce ultrapure water used in the semiconductor industry and develop artificial blood-making technologies.
The following is a summary of Deputy Prime Minister Hong’s keynote address.
BIG3 support plans, including directions to promote open innovation
The government will do the following to promote BIG3.
- Increase support from 4.2 trillion won this year to 5.0 trillion won next year
- Work to early adopt the national strategy technology tax support from the second half, given to R&D and facilities investment in the semiconductor, battery and vaccine sectors
- Work to enact the Special Act on National Strategy Industries to provide consistent and systematic support
The government will also promote open innovation between large manufacturers and startups.
- Run the open innovation platform through which large manufacturers seek solutions to their problems openly for startups to find them
- Government itself to launch 13 challenges in the future car and bio-health sectors via the platform to encourage startups
- Provide startups finding best solutions with commercialization support worth 200 million won, as well as 600 million won worth of R&D support and 2 billion won worth of technology guarantees
Plans to increase hydrogen fueling and EV charging stations
- Increase rapid EV chargers to over 12,000 in highway service areas, slow chargers to over 500,000 on streets, and chargers for buses and taxes to over 2,300
- Install 180 hydrogen fueling stations by the end of this year
Plans to produce ultrapure water used for semiconductor manufacturing
- Work to achieve 100 percent of the system design and produce 60 percent of demand
- Work to achieve 70 percent recycling of semiconductor wastewater
Promote R&D for artificial blood
- Work to achieve artificial blood transfusion by mid-2030s
