Vice-Minister Koo Yoon-cheol of Ministry of Economy and Finance (MOEF) said that he will handle an issue regarding designation of public organizations by Financial Supervisory Service (FSS) according to principles.
Vice-Minister Koo met with reporters after visiting H&S Hightech and told them that he would do things according to principles.
MOEF’s Public Organization Operation Committee put off designation of public organizations and presented issues that need to be improved.

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<Vice-Minister Koo Yoon-cheol of Ministry of Economy and Finance is listening to explanations from a representative of H&S Hightech.>

“Our R&D budget will be much more next year.” said Vice-Minister Ko. “We also need to carry out long-term R&D projects that will take up 10, 20 years.”
“Because our R&D system was only short term and small scale, some are criticizing lack of huge projects that can be future businesses for South Korea.” said Vice-Minister Ko. “Because same research is done in small-scale at many places, we lack performance and efficiency.”
Staff Reporter Yoo, Seonil | ysi@etnews.com