{"id":68791,"date":"2019-07-29T13:32:51","date_gmt":"2019-07-29T05:32:51","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/south-korea-to-develop-nations-3d-printing-industry-with-investment-of-over-41-billion-won.3dm"},"modified":"2019-07-29T13:32:51","modified_gmt":"2019-07-29T05:32:51","slug":"south-korea-to-develop-nations-3d-printing-industry-with-investment-of-over-41-billion-won","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/south-korea-to-develop-nations-3d-printing-industry-with-investment-of-over-41-billion-won\/","title":{"rendered":"South Korea to develop nation\u2019s 3D printing industry with investment of over 41 billion won"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">265<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">192<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">66<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">7<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>The Ministry of Science, ICT and Future Planning in South Korea has announced it will be spending 41.2 billion won (Approx. $37 million USD) of 2017&#8217;s annual budget to encourage the development of 3D printing across the nation.<\/p>\n<p>Kang Seong-joo, an official from the ministry, says,<\/p>\n<blockquote>\n<p>The 3D printing industry is the core technology that will bring about innovation in the manufacturing realm and create a new market by changing the paradigm of the industry. It is important for ministries to cooperate to actively deal with the fast-changing global trend.<\/p>\n<\/blockquote>\n<p><strong>3D printer preview<\/strong><\/p>\n<p>Here at  Industry we saw some of <a href=\"https:\/\/3dprintingindustry.com\/news\/korea-3d-printing-experience-formnext-99071\/\">the latest 3D printing tech to come out of South Korea<\/a> at Formnext 2016 in Frankfurt. The South Korea experience booth at the fair showcased 3D printing systems from A.Team Ventures, Cure M, Veltz3D, Fomer&#8217;s Farm and Carima, who also announced a partnership with HP.<\/p>\n<figure id=\"attachment_99079\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-99079 size-large\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/Screenshot-from-2016-11-18-151257-1024x576.png\" alt=\"Veltz3D showcase a 3D printed violin at Formnext 2016. Image via..\" width=\"1024\" height=\"576\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/Screenshot-from-2016-11-18-151257-1024x576.png 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/Screenshot-from-2016-11-18-151257-770x433.png 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/Screenshot-from-2016-11-18-151257-200x112.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/Screenshot-from-2016-11-18-151257-500x281.png 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/Screenshot-from-2016-11-18-151257.png 1366w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Veltz3D showcase a 3D printed violin at Formnext 2016. Image via..<\/figcaption><\/figure>\n<p><strong>Medicine and technological developments<\/strong><\/p>\n<p>In February 2017, we also learned of research from the nation&#8217;s Ulsan National Institute of Science and Technology (UNIST) that is taking an innovative approach to 3D bioprinting. In a paper published in ACS Nano Journal, over 11 UNIST researchers collaborate to demonstrate a light-reactive material that can promote accelerated bone regeneration.<\/p>\n<figure id=\"attachment_105310\" style=\"width: 720px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-105310 size-full\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/132681_web.jpg\" alt=\"Professor Youngkyo Seo and Dr. Jitendra N. Tiwari who work in 3D bioprinting at Ulsan National Institute of Science and Technology. Image via UNIST.\" width=\"720\" height=\"403\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/132681_web.jpg 720w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/132681_web-200x112.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/132681_web-500x280.jpg 500w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><figcaption class=\"wp-caption-text\">Professor Youngkyo Seo and Dr. Jitendra N. Tiwari who work in 3D bioprinting at Ulsan National Institute of Science and Technology. Image via UNIST.<\/figcaption><\/figure>\n<p>South Korea&#8217;s Ministry of Science also previously invested the equivalent of over $4 million into the Electronics Telecommunications and Research Institute, that adds a 3D scanning app to it&#8217;s array of technological developments such as 3D holograms, and graphene&#8217;s use in clothing.<\/p>\n<p>To stay up to date with the latest 3D printing news from around the world, sign up to the <a href=\"\/service\/3d-printing\"> Industry newsletter<\/a>and <a href=\"https:\/\/twitter.com\/3dprintindustry\">follow our active social media channels.<\/a><\/p>\n<p>Readers can also vote for the best 3D printer innovations in the first annual <a href=\"\/service\/3d-printing\"> Industry Awards.<\/a><\/p>\n<p><em>Featured image shows the central district of South Korea&#8217;s capital city Seoul, viewed from Mt. Namsan Photo by zuk0 on Flickr<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>265shares 192 66 7 The Ministry of Science, ICT and Future Planning in South Korea has announced it will be spending 41.2 billion won (Approx. $37 million USD) of 2017&#8217;s annual budget to encourage the development of 3D printing across the nation. Kang Seong-joo, an official from the ministry, says, The 3D printing industry is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182702,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/Screenshot-from-2016-11-18-151257-1024x576.png","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170],"class_list":["post-68791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>South Korea to develop nation\u2019s 3D printing industry with investment of over 41 billion won - 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