GWANGJU < invest Korea

According to Yonhap News,

The city of Gwangju announced on Apr. 21 that the local authorities are embarking on a project to help businesses further advance Light Detection and Ranging (abbr. LiDAR) sensing technology, which is called an enabler of the upcoming fourth industrial revolution, commercially valid.
The city picks 12 candidates by running an open contest through the official website of Korea Electronics Technology Institute (KETI). Registration is open from Apr. 22 to May. 6.
The selectees will be given up to KRW 50 million to 100 million cash grants in the form of research funds.

LiDAR is a method for measuring distances (ranging) by illuminating the target with laser light and measuring the reflection with a sensor in a three dimensional space. The digital 3D representations are used with multiple applications in autonomous car, smart robot, smart factories, augmented reality, smart IoT, drones etc.

Even if the sensing technology is an essential to the fourth industrialization, bringing added value to a wide variety of industries, most of source technologies to be applied come from technologically advanced countries, making it even harder for many Korean businesses to be self-sufficient in tech-expertise.

The city has helped local enterprises share technology through partnership with KETI since 2018.

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Source: Yonhap News (Apr. 21 , 2020)