Abstract
The first two phases of the Science and Technology Basic Plan has resulted in substantial improvements in R&D funding, prioritized research projects and S&T system reform. After reviewing major policy items in the Plan, along with his own activities, the author points out the importance of continued priorities in the national R&D investment based on a national strategy. He also presents his views on two important issues on the future S&T policy : further improvement of research evaluation schemes, and identification and prioritization of new promising research topics.