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  • Seoul invests 145.8 billion won to spur IT industry

  • Integrated News SMG 2072

    Seoul City said it is aggressively supporting job creation in response to the nation’s economic priority to curb unemployment, while investing 145.8 billion won to invigorate the information-technology sector.

    This significant investment in the IT sector means Seoul City is poised to promote more business opportunities through the early provision of IT-related business information to IT companies. The local government expressed its intentions when it recently held a 2011 IT information session at the Seoul Museum of History.

    Seoul City’s information session covered 624 IT investment projects worth a total of 145.8 billion won. Business-related systems development totaled 100 worth 33.6 billion won, software development totaled 61 worth 8.2 billion won, and hardware and software purchases totaled 168 worth 34.8 billion won. Other sectors included maintenance repair, telecommunications network construction, and database formation.

    Establishing a stable system for mobile systems amid the booming smartphone market has prompted Seoul City to support 26-related businesses with 13.5 billion won worth of investments. To counter against cyber attacks and protect personal information, the local government said it had allocated a total of 7.6 billion won to 32 businesses participating in the “U-Seoul Information Protection Systems Development” project. Another 7 billion won has been allocated to the government’s “Information Resources Consolidation Infrastructure” project. With the input of its nine participating businesses, the project is aimed at reducing maintenance costs, conserving energy and implementing green IT business practices.