R&D Archives | Be Korea-savvy
Gov’t Pushes for Deregulation, Higher Services R&D Spending

Gov’t Pushes for Deregulation, Higher Services R&D Spending

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, [...]

Corporate R&D Spending Hits Record Highs for the Top 1000, Despite Concerns of Economic Protectionism

Corporate R&D Spending Hits Record Highs for the Top 1000, Despite Concerns of Economic Protectionism

NEW YORK, Oct. 24 (Korea Bizwire) — Annual worldwide corporate R&D spending broke through $700bn in annual investment, according to an annual analysis of R&D spending across 1000 global public companies by PwC’s Strategy&. It shows corporate R&D spending increased a steady 3% in the past year, bouncing back from less than 1% increase previously. [...]

Seoul’s Seocho District to Open Artificial Intelligence Research Center in October

Seoul’s Seocho District to Open Artificial Intelligence Research Center in October

SEOUL, Aug. 21 (Korea Bizwire) – News broke on August 20 that an R&D center devoted to artificial intelligence (AI) research will open its doors this coming October in Seoul’s Seocho District. The facility will be housed on four floors at the Korean Federation of Teachers’ Associations building located in the Umyeon neighborhood. Major players [...]

Samsung’s “Master Program” Nurturing In-House Talent

Samsung’s “Master Program” Nurturing In-House Talent

SEOUL, May 16 (Korea Bizwire) – In 2009, Samsung Electronics introduced a “Master” program to help the company’s top researchers to make focused progress in their respective fields, and the initiative is now being adopted by other Samsung affiliates.  Prior to the program, senior researchers would have to take on general management roles when they [...]

Social Robot Patent Applications Rise Sharply on AI, Robotics Advances: Data

Social Robot Patent Applications Rise Sharply on AI, Robotics Advances: Data

SEOUL, Apr. 26 (Korea Bizwire) — The application of patents for social robots that can interact and communicate with humans has risen sharply in South Korea in recent years with the advances being made in robotics and artificial intelligence, government data showed Tuesday. Social robot patent applications have surged more than 20 percent annually since [...]

Gov’t to Nurture Manpower in Bio Industry

Gov’t to Nurture Manpower in Bio Industry

SEOUL, Apr. 12 (Korea Bizwire) — South Korea is set to release a set of support measures, including nurturing talented manpower, to help local pharmaceutical companies make further inroads into the global market, the country’s health minister said Tuesday. The remarks were made during a meeting attended by Health Minister Chung Chin-yeob, and executives of [...]

Samsung Curtails R&D Spending in 2016: Data

Samsung Curtails R&D Spending in 2016: Data

SEOUL, April 2 (Korea Bizwire) – Samsung Electronics Co., the world’s largest manufacturer of smartphones, slightly reduced its expenditures on research and development (R&D) projects last year, data showed Wednesday, as it sought to acquire key technologies through mergers and acquisitions, data showed Sunday.  Samsung Electronics Co. spent 14.79 trillion won (US$13.2 billion) on R&D [...]