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Tech/Science
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Seoul to invest up to 250 bln won to develop network equipment
SEOUL, Aug. 18 (Yonhap) -- The government will inject up to 250 billion won (US$213 million) for the research and development of high-end networking devices that will compete in the international market, the economy ministry said Wednesday.

The move comes as the global market for networking hardware is expected to grow to $200 billion in 2015 from $150 billion this year. South Korea produced $4.7 billion worth of networking devices in 2009, taking up only 3.1 percent of the world market, according to the Ministry of Knowledge Economy.