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18 Jan 2016 13:00:14
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South Korea will spend $66 billion on their own Silicon valley

the South Korean Government intends to spend 80 trillion won (about $66 billion) to create its own Silicon valley residents which can be both local and foreign companies. Startups will be able to count on administrative and financial assistance. The size of the direct investment will amount to 8 trillion won.

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the South Korean Government intends to spend 80 trillion won (about $66 billion) to create its own Silicon valley residents which can be both local and foreign companies. Startups will be able to count on administrative and financial assistance. The size of the direct investment will amount to 8 trillion won.

the format for the Korean Silicon valley information yet. It is expected that the local residents of the Technopark will be the company, or otherwise associated with the IT industry, as well as working in the fields of robotics, biology, health, smart cars, energy and new materials.

In Seoul will also be erected in the centre that will popularize the technologies of augmented and virtual reality, computer graphics and 3D content.

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