R&D investment goal met, but more must be done: president

Taiwan has surpassed the goal of spending 3 percent of gross domestic product on R&D he set when he was running for president six years ago, Ma said Friday while meeting members of the Taiwanese team that attended the 2012 International Junior Science Olympiad last October.

That percentage, however, still lags behind the 3.7 percent of GDP invested in R&D by South Korea, one of Taiwan's main rivals in global markets, Ma said.

“Taiwan must therefore continue to make efforts,” he told the team, which finished first among 27 countries at the international science competition for teenagers aged under 16, held in Iran in early October.

During the meeting at the Presidential Office, the president said Taiwan has no natural resources, but is successful in “digging brain mines.”

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