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Sotuh Korea develops an Internet of Things (IoT) ecosystem to counter decline in tech companies. (Photo by Michael Bocchieri/Getty Images North America)

Oct 07, 2015 PM EDT - Czarelli Tuason

South Korean Government To Invest 350 Million Dollars To Develop An Internet Of Things Ecosystem

With the country's declining growth of traditional tech industries, South Korea is now set to invest $350 million for the development of IoT ecosystem in order to compete with different technologically advanced nations.

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