The overall objective of the project is to foster the technological development of Korean industry. Specifically, the project consists of two major components. The first involves: (a) a line of credit to cover the estimated foreign exchange requirements of subprojects to be financed by KTDC during 1984-86. Secondly, the project includes, (b) an institutional component for KTDC. This comprises, (i) consulting services to support the operations of KTDC and training of KTDC staff as well as to deepen KTDC's capacity to identify, appraise, and supervise R&D projects and to enable KTDC to carry out surveys of the technological needs of Korean industries. The institutional development component further includes, (ii) purchase of training materials for KTDC staff.