The government is poised to take measures for experienced scientists to use their knowledge and know-how after their retirements by providing them with opportunities for re-employments, working with smaller companies and participating in official development assistance programs.“We will create an environment where science and technology talents can work with pride and fair compensation for their efforts,” said Minister of Science and ICT Yoo Sang-Im.
FUND FOR TRATETIC INVESTMENTSThe country aims to ramp up the value of joint researches between local and foreign scientists to 2 trillion won ($1.5 billion) in total by 2028 from 100 billion won this year in partnerships with globally renowned schools such as the Massachusetts Institute of Technology, Yale University, the Johns Hopkins University.
The government plans to provide special visas for those foreign scientists while increasing the limit on loans for jeonse, lump-sum housing leases in the country, for foreigners to the cap for locals of 500 million won ($381,100) for the visa holders from the 200 million won for all foreigners.
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