R&D Archives | Be Korea-savvy
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 [...]

S. Korea to Set up 113.5 Bln-Won Fund to Help Bio Startups

S. Korea to Set up 113.5 Bln-Won Fund to Help Bio Startups

SEOUL, March 27 (Korea Bizwire) – South Korea will establish a 113.5 billion-won (US$101.8 million) fund to nurture startups and venture firms in the bio sector to secure new growth engines, the science ministry said Monday. Under the comprehensive plan finalized during a government meeting presided over by Acting President and Prime Minister Hwang Kyo-ahn, [...]

Major Pharmaceuticals to Expand R&D Spending in 2017

Major Pharmaceuticals to Expand R&D Spending in 2017

SEOUL, March 21 (Korea Bizwire) – Major South Korean pharmaceutical companies are poised to expand their spending on research and development (R&D) this year despite weak earnings, industry sources said Tuesday.  The four drug companies — Hanmi Pharmaceutical Co., Green Cross Corp., Daewoong Pharma and Chong Kun Dang Pharmaceutical Corp. — whose annual R&D spending [...]

Less Than 1 in 5 Medical Device Companies to Increase R&D Positions: Survey

Less Than 1 in 5 Medical Device Companies to Increase R&D Positions: Survey

SEOUL, Feb. 20 (Korea Bizwire) – Less than one in five South Korean manufacturers of medical supplies and equipment said they plan to increase new research and development (R&D) jobs, a survey showed Monday, despite the government’s push to become a global biotech and medical industry hub.  According to the survey by the Korea Medical [...]