Korea, Israel to provide $4 mln in R&D funding to SMEs
Dec 21, 2015
South Korea and Israel will provide $4 million in research funds to small and medium enterprises in 2016 to promote close economic cooperation, the government said Monday.The Ministry of Trade, Industry and Energy said Seoul and Tel Aviv will each foot $2 million to support joint projects by SMEs from the two countries.The money will be used in areas like electronics, machinery, biotech and renewable energy. Companies picked can expect upwards to three years of support with maximum funding set a