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The Korean government has turned to nanotechnology to fuel its vision for a "creative economy," in which science and technology is combined with other fields.
Our Kim Yeon-ji reports on discussions between industry leaders and lawmakers on how to bring about a nano boom.
The realm of nanostructures is a world so small that we cannot see it -- even with a light microscope.
To give you an idea of the size,
a nanometer is one-billionth of a meter: The head of a pin is about one million nanometers across, and a red blood cell roughly 25-hundred nanometers.
Nanotechnology, then, is the science of manufacturing products at a subatomic level and the government has identified it as a new growth engine for Korea.
"Convergence has become a hot trend, and nanotechnology is all about convergence. Nanotechnology can be applied to a broad spectrum of sectors."
Win&Win makes archery bows. infused with carbon nanotubes, or CNTs.
Molecularly bonded carbon nanotubes, known as the strongest substance in existence, make the bow limbs more durable and shock resistant.
It is the bow of choice for Korea's Ki Bo-bae, who won the women's individual archery gold in the 2012 London Olympics.
But it's not easy to develop and commercialize nanotechnology because the concept itself is new.
For instance, AMOGREENTECH produces nano fiber membranes.
The firm's outdoor clothing uses these nano fibers, whose pores can be manipulated to make them wick away sweat. while blocking rain drops.
But it took a long time for the firm to find the best application for its technology.
"The researchers that developed the technology, the consumers and the government were not connected then. Creating venues that bring together all three parties will better commercialize nanotechnology."
Experts say. an ecosystem that connects ideas to research and turns that into hot items is essential.
"Thanks to active government investment and focused efforts by the related industries and researchers, Korea has been the fourth most competitive country in nanotechnology since 2005, according to the independent institution Lux Research. But Korea is hoping to get to number one through robust
research and development, commercialization and wide convergence."
Kim Yeon-ji, Arirang News.
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