research and development Archives | Be Korea-savvy
S. Korea to Invest 4.12 tln Won in R&D for 12 Strategic Technologies in 2023

S. Korea to Invest 4.12 tln Won in R&D for 12 Strategic Technologies in 2023

SEOUL, Oct. 28 (Korea Bizwire) — South Korea will funnel 4.12 trillion won (US$2.9 billion) into research and development next year to promote 12 selected strategic technologies as part of the country’s long-term future growth plan, the science ministry said Friday. The Ministry of Science and ICT said in a report released at a meeting [...]

S. Korea Ranks 2nd Among OECD Nations in R&D Spending as Portion of GDP: Report

S. Korea Ranks 2nd Among OECD Nations in R&D Spending as Portion of GDP: Report

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 [...]

S. Korean Shipbuilders Open R&D Centers in Pangyo

S. Korean Shipbuilders Open R&D Centers in Pangyo

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 [...]

Hyundai Motor Group Accelerates Shift Towards Electrification

Hyundai Motor Group Accelerates Shift Towards Electrification

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 [...]