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 [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea will funnel 4.12 trillion won (US$2.9 billion) into research and development next year to promote 12 selected strategic technologies as part of the country’s long-term future growth plan, the science ministry said Friday. The Ministry of Science and ICT said in a report released at a meeting [...]
SEOUL, May 13 (Korea Bizwire) — LG Household & Health Care (H&H) Ltd., a major South Korean producer of cosmetic and health care products, said Friday it has opened a new research and development (R&D) center in Hokkaido, Japan, focusing on microbiome beauty products. LG H&H said Hokkaido provides the optimal environment for conducting research [...]
SEOUL, Dec. 1 (Korea Bizwire) — More than 1 in 4 South Korean small businesses had to abort research and development (R&D) activities because of the pandemic last year, a survey showed Tuesday. The Korea Industrial Technology Association conducted a survey of 479 companies with a dedicated institute or a research facility, among which 65 [...]
SEOUL, Feb. 1 (Korea Bizwire) – South Korea said Monday it will provide 240 billion won (US$214 million) in support for research and development (R&D) in logic chips and the fabless chip sector this year as the country seeks to boost its semiconductor industry. The R&D plan aims to foster fabless chipmakers and bolster the [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea said Tuesday it will invest nearly 28 billion won (US$25.3 million) in research and development (R&D) projects for eco-friendly automobiles and self-driving technologies in line with the country’s green energy drive. The country plans to allocate 13.4 billion won for research projects for electric vehicles and hydrogen [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korea said Tuesday it plans to invest around 5 trillion won (US$4.5 billion) in research and development (R&D) projects in 2021 to foster new growth engines while seeking green growth. The amount marks a 19 percent jump from 4.1 trillion won allocated this year, according to the Ministry [...]
SEOUL, Dec. 21 (Korea Bizwire) — The government has decided to intensify research and development (R&D) efforts to better respond to illegal drones that take aerial photos or videos without permission or fly in and around airports. The Ministry of Science and ICT recently announced that together with the Ministry of Trade, Industry and Energy [...]
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 [...]