South Korea ranked fourth in nanotechnology

Korea currently has the advantage of surpassing Britain and France in the field of nanotechnology to advance to join the ranks of the world's four leading nanotechnology countries.

According to the Korean Ministry of Science and Technology, South Korea has attracted strong attention because of good coordination between government and enterprises in the field of research and development of nanotechnology. At the same time, Korea has successfully commercialized nanotechnology

The top three countries are the US, Japan and Germany. The United States is the world leader in oil, the second is Japan and the next is Germany and South Korea. Taiwan and China are also gaining significant results in this area, while Britain and France are backing away because they have difficulty transforming from theory to practice.

Nanotechnology involves any technological development in nanometer ratios, ratios of single atoms or small molecules. Korean companies and governments support these technologies in areas such as semiconductors, pharmaceuticals, chemistry and micro-mechanics.

The report shows that currently, 16% of Korea's GDP comes from high-tech manufacturing sectors and the state pays 3% of GDP for research and development (R&D).

"We are striving to make it into the top three countries in the world in 2015," Ban said.

The government increased its investment in nautical technology, from 83 billion won in 2001 to 277 billion won this year. The number of university technology courses at university has also doubled in the last three years from 17 in 2002 to 31 in 2004.

Korean scientists and engineers feel more confident with their technology than ever before. According to a government survey, scientists believe that they have achieved 25% of what American scientists have done in nanotechnology in 2001. But the gap has slowed and so far they believe Korea has been achieving 62% of the jobs that the US has done in 2004.