South Korea

South Korea’s Ministry of Food, Agriculture, Forestry and Fisheries announced KRW 5.9 trillion ($5 billion) in funding for biology and food projects by 2014. R&D will receive KRW 3.3 billion, with KRW 663.1 billion devoted to seed development and the development of transgenic animals and plants. Technologies for environmental industries are slated to receive KRW 267.6 billion, while projects to promote food exports will receive KRW 119.2 billion.

Source: The Korea Times

South Korea

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