SEOUL, May 27 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Wednesday it will invest 1 trillion won (US$812 million) in research and development projects this year. In its 2020 sustainability report, Hyundai Mobis said it will invest in 2,000 R&D projects involving next-generation vehicles and expand its R&D workforce [...]
SEOUL, April 14 (Korea Bizwire) — Major South Korean companies’ spending on research and development (R&D) climbed nearly 8 percent in 2019 despite weaker performances, a market tracker said Tuesday. Combined R&D expenditures by 208 out of the top 500 companies by sales came to 53.5 trillion won (US$43.9 billion) last year, up 7.8 percent [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea said Monday it will spend more on research and development (R&D) in the energy segment this year as the country targets clean and sustainable economic growth. South Korea will spend 916.3 billion won (US$789 million), a 19-percent rise from last year, on such projects, according to the [...]
SEOUL, Apr. 30 (Korea Bizwire) — South Korea ranked No. 1 in the world in terms of its ratio of research and development (R&D) spending to gross domestic product, data showed Tuesday. The latest data by the Organization for Economic Development & Cooperation (OECD) showed South Korea’s R&D intensity rate standing at 4.55 percent as [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korean companies lag far behind their Asian peers in Japan, China and Taiwan in research and development investment, a local think tank said Wednesday. Thirteen Korean companies made it to the ranks of the world’s top 500 R&D companies last year. South Korea ranked ninth in terms of [...]
SEOUL, Jan. 13 (Korea Bizwire) – The gap in research and development (R&D) investment between South Korea’s small and medium-sized businesses and big companies is widening, a local think tank said Sunday, a development that can pose economic challenges going forward. The report by the Korea Small Business Institute (KOSBI) showed that while small and medium-sized enterprises [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korea has developed two electric carts that can help those requiring assistance to move heavy cargo with ease. The Ministry of Land, Infrastructure and Transport announced on Thursday that it had developed a Mobile Power Cart and Smart Power Carrier following an extensive R&D project which began in [...]
NEW YORK, Oct. 30 (Korea Bizwire) — Annual worldwide corporate R&D spending increased by 11% in 2018, totaling US$782bn in annual investment, based on an annual analysis of the 1000 largest global public companies by R&D spend conducted by PwC’s Strategy&. The 14th edition of PwC’s Strategy& Global Innovation 1000 Study shows how innovation investment is [...]
HENGELO, The Netherlands, Sept. 3 (Korea Bizwire) — Energy management company Lithium Werks B.V. (www.lithiumwerks.com) has announced that it will build a major clean energy research and development (R&D) campus at Twente Airport. “In order to achieve a real transition, from fossil fuels to renewables, energy has to be available in the right place and [...]
SEOUL, May 11 (Korea Bizwire) — South Korea will lower regulatory hurdles for five promising industries and support their research and development (R&D) to help local companies lead fast-changing technology trends and create quality jobs, the government said Friday. The Ministry of Trade, Industry and Energy launched a consultative body composed of government and company [...]