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 [...]
SEOUL, Apr. 18 (Korea Bizwire) — Samsung Electronics invested the most money in research and development (R&D) among local companies last year, while internet portal Naver was No. 1 in investment in proportion to sales, corporate analysis showed Wednesday. CEO Score compared 211 firms who rank within the top 500 companies in terms of sales [...]
SEJONG, Feb. 7 (Korea Bizwire) — The government said Wednesday that it will seek drastic deregulation and greater spending on research and development (R&D) to raise service sector competitiveness and find a new growth engine. The nation’s service sector needs to be transformed through innovative growth driven by policy backup, thus creating more quality jobs, [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korean retailers and wholesalers lag far behind other firms in spending on research and development (R&D) and the adoption of new technologies, despite the ongoing the fourth industrial revolution, a report said Wednesday. The local distribution industry’s ratio of R&D expenditure to sales came to 0.5 percent in [...]