From: InfoSec News (alertsinfosecnews.org)
Date: Tue Dec 16 2008 - 01:32:40 CST

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http://www.koreatimes.co.kr/www/news/biz/2008/12/123_36163.html

By Kim Tong-hyung
Staff Reporter
The Korea Times
12-15-2008

The government plans to invest 230 billion won (about $168 million)
through 2013 to support local companies in the computer security
industry.

The plan announced by the Ministry of Knowledge and Economy, Monday,
promises lavish investment for research and development (R&D) in key
areas such as network security and convergence technologies and training
for about 3,000 security experts, including ``ethical hackers.'' It also
plans to host an international hacking competition.

``The importance of security technology is being stressed around the
world now, as countries look for better ways to prevent crime, terror
and disasters,'' said Lee Dong-geun, a ministry official said.

``We are expecting strong participation from businesses and the academic
sectors to spur growth of the industry. Korean companies currently
control 8 percent of the international security market, but through our
investment plan, we want to boost that number to 13 percent,'' he said.

The government will spend 150 billion won through 2013 to invest in
research in the three key areas of network security, physical security
systems and convergence technologies.

[...]

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