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To Stay Competitive, Samsung Widens Doors for Foreign R&D Professionals

SEOUL, Feb. 25 (Korea Bizwire) — Samsung is intensifying its global talent acquisition efforts, launching a recruitment drive aimed at experienced foreign professionals to bolster its research and development (R&D) competitiveness. Beginning this week, ten Samsung affiliates—including Samsung Electronics, Samsung Display, Samsung SDI, Samsung Electro-Mechanics, Samsung SDS, Samsung Biologics, Samsung Bioepis, Samsung C&T, Samsung Engineering [...]

S. Korea Unveils Blueprint for Energy R&D Projects

SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s industry ministry on Wednesday unveiled a blueprint for government investment in energy research and development projects to maintain a stable power supply using carbon-free sources. The energy technology development plan, effective through 2033, is expected to generate an economic effect of 59 trillion won (US$41 billion), according [...]

Science Minister Nominee Vows to Renovate R&D System to Better Develop Advanced Technologies

SEOUL, Jul. 19 (Korea Bizwire) — Science minister nominee Yoo Sang-im on Friday vowed to make every effort to revamp South Korea’s research and development system to help the country take a global lead in advanced technologies. “We need to focus on restoring and securing technological sovereignty at a time when global powers are competing [...]

U.S. Automotive Firm BorgWarner Launches R&D Center in S. Korea

SEOUL, May 9 (Korea Bizwire) — U.S. automotive company BorgWarner Inc. has opened a research and development center in South Korea, which is expected to help stabilize the supply chain in the sector, the industry ministry said Thursday. The new center, located in Daegu, 237 kilometers south of Seoul, will focus on developing integrated driving [...]

Big Companies Increase R&D Investment in 2023

SEOUL, Apr. 9 (Korea Bizwire) — Big companies in South Korea increased their investments in research and development (R&D) activities last year despite decreased earnings, a corporate data tracker said Tuesday. Their combined R&D investments rose 9.4 percent to 73.42 trillion won (US$54 billion) in 2023 from 67.14 trillion won a year earlier, according to [...]

S. Korea Aims to Promote Global R&D Projects with 6 Overseas Institutions

SEOUL, Apr. 5 (Korea Bizwire) — South Korea’s industry ministry said Friday it has designated six overseas partner institutions to establish global technology cooperation centers, aiming to advance research projects focused on core technologies. The country will seek to establish such centers under ties with MIT, Yale University, Purdue University, Fraunhofer, Johns Hopkins University and [...]

Gov’t to Draw Up Largest-ever R&D Budget Next Year

SEOUL, Apr. 3 (Korea Bizwire) — The government plans to draw up its largest-ever budget for research and development (R&D) projects next year, the presidential office said Wednesday. Park Sang-ook, senior presidential secretary for science and technology, said the government is working to overhaul the way it supports R&D projects while “sharply increasing” the relevant [...]

South Korea Invests More Than 112 Trillion Won in Research and Development in 2022, Says Science Ministry

SEOUL, Dec. 7 (Korea Bizwire) – South Korea invested more than 112 trillion won (US$84.6 billion) in research and development (R&D) last year, making it the second-largest spender in the world in comparison to the size of its economy, the science ministry said Thursday. The combined R&D spending by the South Korean government and the [...]

S. Korea Aims to Expand Research Projects with Foreign Partners

SEOUL, Nov. 27 (Korea Bizwire) – South Korea plans to expand its research and development projects with foreign firms, as part of its efforts to help local firms gain competitiveness in new technologies, officials said Monday. Under the plan, the government aims to spend at least 5.4 trillion won (US$4.1 billion) in research and development [...]

S. Korea to Earmark 1.5 tln Won for R&D Projects to Support 2nd-tier Firms

SEOUL, Jan. 16 (Korea Bizwire) — South Korea will earmark 1.5 trillion won (US$1.22 billion) over the next 10 years for research and development projects aimed at nurturing second-tier, high-potential companies into global players and boost their exports, the industry ministry said Monday. It is part of the government’s comprehensive plan to boost the number [...]