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Korea govt to invest KRW 420 bln in smart device market

Wednesday 23 September 2015 | 12:33 CET | News
The South Korean government plans to inject KRW 420 billion (approximately USD 357 million) to boost the country's smart device industry over the next four years. The government says its decision comes amid slowing growth in the traditional smartphones and PC industries around the globe, Yonhap news agency reports. Via this investment, the government plans to foster 300 local smart device companies that can compete on a global scale.

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Categories: Internet / IT / Mobile & Wireless
Countries: Korea, Republic of
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