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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (11353)	9/2/2003 2:52:02 AM
From: StanX Long	Respond to of 95916

South Korea to Invest US$1.5 BLN in Boosting 10 Growth Engines sg.news.yahoo.com Tuesday September 2, 2:14 PM SEOUL, Sept 2 Asia Pulse - The South Korean government said it would spend a total of 3.5 trillion won (US$2.97 billion), including 1.8 trillion won (US$1.53 billion) from the state budget, by 2008 in boosting 10 high-tech areas as the nation's next economic growth engines. The Ministry of Commerce, Industry and Energy also said it would form a task force with related government agencies, private business organizations and research groups to nurture those industries. The ministry finally confirmed Aug. 22 that the 10 new growth industries are digital television and broadcasting, display equipment, intelligent robotics, future automobiles, next-generation chips, networked homes, digital content and software, next-generation batteries, biotechnology, and next-generation mobile communications. The growth engines are the backbone of the President Roh Moo-hyun administration's drive toward achieving a per-capita gross national income of US$20,000. "The government will spur those sectors to lead the overall economic recovery," the ministry said in a statement. In the first stage, the ministry said it would work out measures for developing related technologies, nurturing human resources, building infrastructure, promoting international technology exchanges and revamping administrative processes. The ministry said the 10 chosen potential growth engines would create US$143.7 billion in value, achieve US$251.9 billion in exports, and create 2.4 million new jobs by 2008. (Yonhap)