Korea and Czech Republic to strengthen cooperation in cutting-edge industries, including biotechnology... ”37 million dollars to be invested over 10 years”

Following the visit of South Korean President Yoon Seok-yeol to the Czech Republic, the Republic of Korea and the Czech Republic are expected to forge closer cooperation in the field of advanced industries.
The Czech Republic is one of Europe's leading research institutes, boasting excellent research capabilities in fields such as biotechnology, chemistry, materials science, physics, and optics.
South Korea is a science and technology powerhouse. As South Korea excels in areas such as information and communications technology (ICT), the government believes that cooperation between the two countries will lead to a mutually complementary relationship in the field of cutting-edge industries.
During his official visit to the Czech Republic, 19 memoranda of understanding (MOUs) were signed between the two countries in the field of advanced industry and technology, which were considered as important as the nuclear power agreement.
Both countries will cooperate on research and development focusing on promising industrial fields such as aerospace, biotechnology, advanced chemicals and materials, digital, and energy.
The two institutions agreed to further strengthen cooperation, which is seen as laying the blueprint for science and technology cooperation between Korea and the Czech Republic.
In particular, the Korean government is promoting joint research between the two countries in areas such as nuclear fuel technology, synthetic new drugs, and artificial intelligence.
In order to promote development, the government has decided to inject $37 million (approximately 5.3 billion yen) into the Czech Republic over the next 10 years.
"We have decided to invest 20 times the current level of funding to expand our joint research fields from the existing focus on bio and chemical materials to aerospace, nuclear power, energy, AI, digital, quantum, and science.
In the field of science and technology, the partnership will be expanded to include areas of common interest to both countries, including nuclear power, biotechnology, and aerospace.
The two countries also decided to cooperate in research in a wide range of fields, including ICT, brain aging and degenerative brain diseases, synthetic new drugs, chemical weapon antidotes, nuclear fusion, aerospace, precision machinery, and optics.
In addition, nine research institutes from the two countries, including the Korea Brain Research Institute, Korea Machinery Research Institute, Gwangju National Institute of Science and Technology, and the Space Technology Association, will cooperate with eight Czech institutes and MO
Through this, they will promote research and development cooperation in a wide range of areas, including synthetic new drugs, brain research, space precision machinery, and optics. In addition, the Korea Nuclear Education Center will host a Czech nuclear engineering training center.
The plan is to further promote people-to-people exchanges by inviting researchers from around the world to training sessions and to participate in international events for talented scientists.