Legal basis:
– Industrial Technology Innovation Promotion Act.
1. Programs for promoting international cooperation
In order to promote cooperation in technology among the Government, businesses, universities, research institutes, organizations between Korea and foreign countries, the following programs may be implemented:
– Surveys to enhance international technological cooperation;
– International exchanges of technical experts and information about technology;
– Establishment and operation of an international market for technology;
– Promoting utilization of domestic and foreign technologies or of introduction of foreign technologies;
– Establishment of a foundation to promote international technological cooperation and assistance to such foundation;
– Expansion of business territories of research institutes attached to domestic businesses to foreign countries or the attraction of foreign research institutes to Korea.
2. Promotion of utilization of excellent foreign technical experts
The Government may formulate and implement policies to allow domestic technological innovators to invite and utilize excellent foreign technical experts and vigorously conduct activities for innovation of industrial technology.
– Funding to help domestic technological innovators attract excellent foreign technical experts;
– Convenience to excellent foreign technical experts in undergoing immigration process.
Additionally, the Government may implement many other projects to promote the development of the economy. The foreign investors who desire to invest in industrial technology in Korea should know the programs mentioned above so as to make the exact decision in the fields and minimize the investing risks.
