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South Korea to invest $1 million in technology projects in Brazil

Staff writer ▼ | May 4, 2015
The government of South Korea will invest $1 million in a technology innovation partnership with Brazil over the next three years.
Brazil technology
Asia - Latam   South Korea invests about $3bn annually in Brazil
Between 2009 and 2014, trade between the two countries went from $7.5 billion to $12.3 billion.
The agreement signed by the Brazilian communications minister Ricardo Berzoini and the South Korean minister of science and technology Yanghee Choi, will include research and development activities around Internet of Things, Big Data and smart cities.

In addition, the agreement will also see activities in areas such as the development of 5G technology, internet governance and ITC policies.

The agreement does not make any mentions to the improvement of broadband in Brazil in the short-term: while fixed internet provision in Brazil still lags behind most nations, South Korea has the world's fastest connectivity.

South Korea invests about $3bn annually in Brazil, notably in the automotive, steel and semiconductor industries. Between 2009 and 2014, trade between the two countries went from $7.5 billion to $12.3 billion.


 

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