Soth Korean Gov’t to pump in 2.2 tln won through 2022 for 4th industrial revolution ON NOVEMBER 30, 2017 BY NARESH SAGAR LEAVE A COMMENT EDIT South Korea’s government said Thursday it will allocate 2.2 trillion won (US$2 billion) for research and development (R&D) projects throughout 2022 to better prepare for what it calls the fourth industrial revolution. Under the project dubbed “I-Korea 4.0,” the Presidential Committee on the Fourth Industrial Revolution said it will secure new growth engine for the country by expanding industries’ productiveness and competitiveness under the idea of “intelligence, innovation, inclusiveness, and interaction.” The government said the project will generate some 366,000 new jobs along with 128-trillion-won worth of wealth by 2022. “The National Assembly and the government both consider the fourth industrial revolution as crucial,” said Science Minister Yoo Young-min, claiming the ministry will bring different g...