SEOUL, Jun. 23 (Korea Bizwire) – Research and development (R&D) expenditures by major South Korean companies hit an all-time high last year despite their falling sales amid an economic slowdown, data showed Sunday. The country’s top 1,000 companies made investments of 72.5 trillion won (US$52.12 billion) combined in 2023, up 8.7 percent from a year [...]
SEOUL, April 27 (Korea Bizwire) — Major South Korean firms’ spending on research and development (R&D) expanded more than 8 percent in 2021 though their sales weakened amid the coronavirus pandemic, a market tracker said Wednesday. Combined R&D expenditures by 224 out of the country’s top 500 companies by sales stood at 60.4 trillion won [...]
SEOUL, April 20 (Korea Bizwire) — South Korea placed second in research and development (R&D) spending as a portion of its gross domestic product (GDP) among major developed countries in 2020, but its tepid growth in recent years calls for more policy support, a report said Wednesday. South Korea’s R&D expenditures reached 93.1 trillion won [...]
SEOUL, Nov. 22 (Korea Bizwire) — Major South Korean companies’ spending on research and development (R&D) rose more than 3 percent in 2020 with manufacturers taking up the bulk of the total, data showed Monday. R&D spending by the country’s top 1,000 corporations stood at 55.4 trillion won (US$46.6 billion) last year, up 3.35 percent [...]
SEOUL, Nov. 15 (Korea Bizwire) – Samsung Electronics Co.’s research and development (R&D) spending hit a record high in the first nine months of the year, its report showed Monday, as it seeks to expand presence amid intensifying competition with foreign rivals. Samsung invested a total of 16.19 trillion won (US$13.73 billion) in R&D in [...]
SEOUL, March 10 (Korea Bizwire) — Samsung Electronics Co.’s research and development (R&D) spending last year hit a record high, its report showed Wednesday, amid the novel coronavirus pandemic. Samsung invested 21.2 trillion won (US$18.6 billion) in R&D last year, up 1 trillion won from a year earlier, to mark its largest spending ever, according [...]
SEOUL, March 9 (Korea Bizwire) — Samsung SDI Co., South Korea’s No. 2 battery maker, said Tuesday it spent a record high of 808.3 billion won (US$703.2 million) in research and development activities last year to develop advanced battery technologies. Samsung SDI’s R&D spending accounted for 7.2 percent of its 2020 sales, according to its [...]
SEOUL, Jan. 20 (Korea Bizwire) — Samsung Electronics Co. was the industry’s second-largest spender on semiconductor research and development (R&D) last year, a report showed Wednesday, as the South Korean tech giant tries to beef up its presence in the non-memory sector. Samsung, the world’s top memory chipmaker, spent US$5.6 billion on chip-related R&D in [...]
SEOUL, Dec. 9 (Korea Bizwire) — South Korea invested almost 90 trillion won (US$83 billion) in research and development (R&D) last year, making it the fifth-largest spender among members of the Organization for Economic Cooperation and Development (OECD), the ICT ministry said Wednesday. The South Korean government and the private sector’s total R&D spending in [...]
SEOUL, Dec. 9 (Korea Bizwire) — Major South Korean companies’ spending on research and development (R&D) rose nearly 2 percent in the first three quarters of the year despite weaker sales amid the coronavirus pandemic, a corporate tracker said Wednesday. R&D expenditures by 217 large companies in Asia’s fourth-largest economy totaled 40.2 trillion won (US$37 [...]