Posted : 2021-04-16 14:48
Updated : 2021-04-16 18:11
President Moon Jae-in on Friday nominated Kim Boo-kyun, above, as Korea s new prime minister. Yonhap
Kim Boo-kyum, a former four-term lawmaker and interior minister, has been nominated as South Korea s new prime minister, Cheong Wa Dae announced Friday.
President Moon Jae-in picked him in a Cabinet reshuffle intended apparently for new momentum in his leadership that was further dampened by the ruling Democratic Party s rout in the April 7 Seoul and Busan mayoral by-elections.
The president also nominated new land, labor, industry, science and oceans ministers, according to his chief of staff You Young-min.
Noh Hyeong-ouk, minister for government policy coordination at the prime minister s office, was tapped to lead the ministry of land, infrastructure and transport.
Finance Minister Hong Nam-ki this morning revealed the move during a meeting on spurring innovative growth.
He said the government will invest nearly three-hundred-30 million U.S. dollars this year in the R&D of eco-friendly future vehicles.
He added the country will continue to expand investment until 2025, adding South Korea aims to be the world leader in the emerging market.
The focus will be on batteries, hydrogen fuel cells and self-driving networks.
S. Korea to boost spending on R&D for next-generation cars April 16, 2021
South Korea said Friday it plans to increase investment in research & development (R&D) on key technologies for next-generation vehicles in a bid to help local automakers take the lead in the market.
Finance Minister Hong Nam-ki said the government will spend 367.9 billion won (US$328 million) in supporting R&D on next-generation autos this year, up 37 percent from the previous year.
“It is urgent to make an investment in R&D on next-generation vehicles in a preemptive manner as competition has deepened to secure key technology,” Hong said at a meeting on innovative growth.
Posted : 2021-04-16 17:44
Updated : 2021-04-16 17:44
Deputy Prime Minister and Finance Minister Hong Nam-ki, left, waves his hand, while riding in a self-driving vehicle at the Future Mobility Center in Seoul, Friday. Yonhap
Korea said Friday it plans to increase investment in research & development (R&D) on key technologies for next-generation vehicles in a bid to help local automakers take the lead in the market.
Finance Minister Hong Nam-ki said the government will spend 367.9 billion won ($328 million) in supporting R&D on next-generation autos this year, up 37 percent from the previous year. It is urgent to make an investment in R&D on next-generation vehicles in a preemptive manner as competition has deepened to secure key technology, Hong said at a meeting on innovative growth.
Kim Boo-kyum, former four-term lawmaker, nominated as S. Korea’s new prime minister April 16, 2021
Kim Boo-kyum, a former four-term lawmaker and interior minister, has been nominated as South Korea’s new prime minister, Cheong Wa Dae announced Friday.
President Moon Jae-in picked him in a Cabinet reshuffle intended apparently for new momentum in his leadership that was further dampened by the ruling Democratic Party’s rout in the April 7 Seoul and Busan mayoral by-elections.
Kim is a politician who has long dedicated himself to anti-regionalism, social reform and national unity, presidential chief of staff You Young-min said, while making public his nomination.