South Korea plans to double its basic research funds by 2022.
The agreement was reached during a policy coordination meeting between the government and the ruling Democratic Party of Korea on Tuesday.
That means the funds will reach some 2-point-2 billion U.S. dollars -- and will be aimed at boosting creative research and development.
The two sides also agreed to increase the R&D budget to tackle environmental issues,... such as fine-dust.
And the government plans to revive a meeting between science and IT-related ministries -- as part of efforts to get ministries to work hand-in-hand.
This is all part of President Moon Jae-in's goal of achieving innovative growth -- by which technological innovation leads to economic growth and job creation.
