South Korea's Ministry of Science and Technology said it will invest 6.7 billion won to support small and medium-sized enterprises in the Internet of Things industry to strengthen their competitiveness. The tech companies that deal with big data, 5G, AI and blockchain can benefit from this decision. At the same time, it will support 1.2 billion won for companies that participated in the business last year and achieved excellent results. The total funds are expected to be 7.9 billion won ($7 million) this year. (full story)