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Hyundai Mobis to Invest 1 tln Won in R&D Projects This Year

Hyundai Mobis to Invest 1 tln Won in R&D Projects This Year

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 [...]

R&D Gap Between SMEs, Big Biz Widening: Think Tank

R&D Gap Between SMEs, Big Biz Widening: Think Tank

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 [...]

S. Korea Develops Power Cart with Domestic Technology

S. Korea Develops Power Cart with Domestic Technology

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 [...]

China and Europe Post Double Digit Increases in R&D Spending

China and Europe Post Double Digit Increases in R&D Spending

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 [...]

S. Korea to Accelerate Development of Five New Industries

S. Korea to Accelerate Development of Five New Industries

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 [...]