The Samsung Science & Technology Foundation has announced scholarships for 44 research projects in "frontier technology". Projects that receive subsidies include DNA sequencing and silicon sensors for the deaf, he announced.
DNA sequencing research is conducted by Professor Lee Ja Yil of UNIST and focuses on chromosome repair, while the development of transparent silicon sensors to aid the hearing impaired is performed by Professor Ki Jun Yu of Yonsei University .
This is the first round of grants that the foundation has given this year. The foundation grants grants three times a year, one in the first half and two in the second semester.
The foundation supported by Samsung was founded in 2013 and has promised to inject 1,500 billion won for ten years into promising projects. The foundation has allocated 500 billion won for basic science, materials and innovation areas in collaboration with the Samsung Research Funding & Incubation Center for Future Technology, an incubation arm of Samsung Electronics.
The foundation has so far provided 667 billion won for 517 research products and 8,657 researchers.
"We give research grants that are bold – those that we cannot predict in advance," said Kim Seong-Keun, president of the Samsung Science & Technology Foundation. Kim is a professor of chemistry at Seoul National University and a colleague of the Royal Society of Chemistry and was elected president of the school this week.
Kim said that the funding given by the South Korean government and other conglomerates focused on "management" rather than daring, pointing out that Samsung's foundation was different.
"Inevitably, project management has been a priority for South Korea because we were a quick follower, but the goals of the foundation are not focused on" managing "projects, but we are funding high-risk, high-impact projects."
The foundation is currently trying to extend its support in the areas of future technologies, such as artificial intelligence, the Internet of Things and 5G, Samsung said. "This year, more attention has been paid to consumer robots, to IT and system architecture, to health care, to semiconductor materials and to next-generation displays," Samsung added.
Last week, Samsung's 5G network was broadcast live to claim the "first in the world" title. The traditional industries of the country such as construction, heavy industry and steel are all in decline and the government hopes for new growth in services at the top of the next generation network.
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