The ministry of land, transport and maritime affairs established the Korea Institute of Ocean Science & Technology (KIOST) o Wednesday to spearhead the development.
KIOST will lead R&R on offshore/Arctic by focusing on fostering new offshore industry, studying climate change, expanding Arctic and offshore research infrastructures and so forth.
The institute plans to construct a 5,000-tonne advanced offshore research vessel and develop a 6,000-meter deep submarine by 2015 to build up the R&D foundation for deepsea research and exploration.
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