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Finance Minister Koo Yun-cheol highlighted the significance of technological innovation for economic development during a meeting with industry leaders on February 5. He committed to government support for domestic companies pioneering new technologies, including those in piezoelectric materials.

Koo announced the implementation of a 30 trillion won ($20.5 billion) Public Growth Fund for 2023 to bolster strategic industries and enhance R&D support. Business leaders suggested improving talent training in robotics, to which Koo responded with a commitment to accelerate innovative economic projects through company-focused policies.