SEOUL, South Korea Microsoft said Thursday (May 25) it will invest another $30 million in South Korea to help boost software development here aimed at supporting an IT export drive.
The investment is an addition to an equivalent amount committed by Microsoft to launch the Microsoft Innovation Center here last year.
Microsoft CEO Steve Ballmer said the new investment will be used over the next three years to expand the center with two new labs. "One of our key interests is to help encourage Korea to innovate on its own," Ballmer told the Seoul Digital Forum 2006.
Microsoft expects to help about 60 Korean companies develop software for home networking, digital content, telematics, embedded mobile systems and RFID.
The additional investment will be used to launch two new laboratories: an Independent Software Vendors Empowerment Lab and Web Engineering Lab.
Asked about the delayed debut of its Vista operating system, Ballmer said, “It’s not due to some technical glitches but our craftsmanship to perfect quality." Vista is currently scheduled for release in January 2007.