SEOUL, Jan. 7 (Korea Bizwire) — As global shipbuilding trends are shifting towards a focus on technology, including self-driving ships, Korean shipbuilders are opening a string of research and development (R&D) centers in Pangyo, a district in Seongnam, Gyeonggi Province. Pangyo is often cited as a Korean version of Silicon Valley. Shipbuilding conglomerate Hyundai Heavy [...]
SEOUL, Dec. 28 (Korea Bizwire) — Hyundai Motor Group is speeding up the shift towards electrification by abolishing the engine development center within its research and development (R&D) headquarters. According to industry sources, the group carried out a top-to-bottom restructuring of its R&D headquarters by transitioning the existing powertrain organization into an electrification development unit [...]
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, 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, 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. 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 [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korea will establish a solar energy research and development center that domestic solar energy companies can jointly use to develop new technology. The Ministry of Trade, Industry and Energy announced on Tuesday that it had selected the Korea Institute of Energy Research, Daejeon Tachnopark, Korea University and Chungnam [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korea launched a global research and development cooperation program Tuesday to help local materials, parts and equipment makers forge technology tie-ups with German auto giant BMW and other foreign firms. Under the program, the government will invest 100 billion won (US$90.1 million) over the next three years starting [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea said Wednesday it will invest more than 7 trillion won (US$6.1 billion) over the next two years in research and development for new growth engines in the latest move to secure technology for essential components amid uncertainties over the coronavirus pandemic. The COVID-19 pandemic has disrupted global [...]