S. Korea to invest US$ 4.1 billion over 3 years for steady supply of local parts, materials, equipment

South Korea will invest more than four billion U.S. dollars over three years starting 2020,... for the steady supply and commercialization of local parts, materials and equipment,... as part of efforts to reduce dependency on Japan.The decision was made this morning during a meeting between officials from the ruling party, government and Blue House,... where they reviewed measures implemented following Tokyo's trade retaliation.They also agreed to select 100 key strategic items that are heavily reliant on Japan or need to develop home-grown tech for R&D projects by the end of this year.In addition, they vowed to swiftly implement projects that can skip preliminary feasibility tests,... and they'll create a special committee to oversee R&D activities and policies.