R&D spending Archives | Be Korea-savvy
Samsung SDI Spends Record High of Over 810 bln Won in Battery R&D in 2020

Samsung SDI Spends Record High of Over 810 bln Won in Battery R&D in 2020

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 [...]

S. Korea’s R&D Spending 5th Largest Among OECD Members in 2019

S. Korea’s R&D Spending 5th Largest Among OECD Members in 2019

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 [...]

Major S. Korean Firms’ R&D Spending Gains 2 pct This Year

Major S. Korean Firms’ R&D Spending Gains 2 pct This Year

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 [...]

Major Pharmaceuticals Expand R&D Spending in H1

Major Pharmaceuticals Expand R&D Spending in H1

SEOUL, Aug. 16 (Korea Bizwire) — Major South Korean pharmaceutical companies expanded their spending on research and development (R&D) during the first half this year, with Hanmi Pharmaceutical Co. allocating the most, industry data showed Wednesday. According to their semi-annual business reports, 10 out of the 15 drug companies spent more on R&D during the [...]

S. Korean Drug Firms to Spend Big on R&D this Year

S. Korean Drug Firms to Spend Big on R&D this Year

SEOUL, Jan. 21 (Korea Bizwire) – South Korea’s major pharmaceutical companies are poised to sharply expand their spending on research and development (R&D) in 2016, taking a page from Hanmi Pharmaceutical Co.’s aggressive investment that has led to a series of mega-hit licensing deals, industry sources said Thursday. Of the country’s top 10 drug companies [...]