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Korean WAP Companies receive Government funding
Posted: 27-Dec-1999 [Source: Korea Herald]

[Companies named yesterday for government support center mostly around "Internet and e-commerce technologies, Linux-based software and wireless telecom technologies using WAP (wireless application protocol)."]

The Ministry of Information and Communication -- announced the names of 45 information and telecom companies that are to receive government funding.

"A total of 7.75 billion won in government support will be provided for the development of core technologies in the sector. This is the third time this year that the ministry has selected projects to receive government contributions as part of its project to promote technology development in small-and medium-sized information and telecom companies and venture firms.

"The companies named yesterday center mostly around the Internet and e-commerce technologies, Linux-based software and wireless telecom technologies using WAP (wireless application protocol).

"Companies are selected every quarter and are eligible to each receive up to 500 million won from the government. In addition to financial support, the ministry also arranges for the companies to get technical and management consulting.

"The information and telecom industry technology development program selected 100 projects in the first half of this year, providing 16.5 million won in financial support.

"Meanwhile, companies that wish to apply for fourth quarter funding should submit applications to the Institute of Information Technology Assessment (www.iita.re.kr) by the end of January.

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