research and development Archives | Be Korea-savvy
Samsung to Operate Five AI Centers Globally

Samsung to Operate Five AI Centers Globally

SEOUL, May 23 (Korea Bizwire) — Samsung Electronics’ announcement yesterday of plans to operate five AI research and development centers around the world gave industry insiders insight into Vice Chairman Lee Jae-yong’s vision of the future, as Samsung prepares for the next generation of technological advancements. Experts say that Lee’s most recent global traverse following [...]

President Moon Vows Support for Scientists, New Research

President Moon Vows Support for Scientists, New Research

SEOUL, Dec. 28 (Korea Bizwire) – President Moon Jae-in promised to double support for young scientists and their research projects Thursday, also vowing to nearly double government investment in independent research and development (R&D) programs. “The government will support with all its strength the path of science that you will walk,” the president said in [...]

Samsung, LG Set to Spend Record Amount on R&D This Year

Samsung, LG Set to Spend Record Amount on R&D This Year

SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s major electronics firms — Samsung Electronics Co. and LG Electronics Inc. — are expected to allocate a record-high investment to research and development projects this year, industry watchers said Friday. According to the sources, Samsung Electronics invested 7.9 trillion won (US$6.9 billion) in research projects over the [...]

Disappointing R&D Spending in Korean Connected Car Industry

Disappointing R&D Spending in Korean Connected Car Industry

SEOUL, Feb. 20 (Korea Bizwire) – A study by the Institute for Information & Communications Technology Promotion revealed Monday that 51 connected car companies in Korea spend a disappointing average of 980 million won ($854,148) on research and development each year.  The figure is 2.7 percent of average sales revenue estimated at 36.37 billion won, [...]

Samsung Electronics Retains No. 2 Spot in Global Research Spending

Samsung Electronics Retains No. 2 Spot in Global Research Spending

SEOUL, Dec. 27 (Korea Bizwire) – Samsung Electronics Co. retained its No. 2 spot in a global ranking for industrial research and development spending for the third consecutive year, a survey by the European Commission’s Economics of Industrial Research and Innovation showed Tuesday.  According to the annual survey, 75 South Korean firms were among the [...]

S. Korea to Invest 500 Bln Won to Foster Drone Industry in next 3 Yrs

S. Korea to Invest 500 Bln Won to Foster Drone Industry in next 3 Yrs

SEJONG, Dec. 6 (Korea Bizwire) – South Korea will spend a total of 500 billion won (US$428 million) in the coming three years to foster the rapidly growing drone industry as a new growth engine for Asia’s fourth-largest economy, the trade ministry here said Tuesday.  “The drone technology generates massive ripple effects on conventional industries, [...]

Scientists at Government Research Institute Receive Billions in Rewards

Scientists at Government Research Institute Receive Billions in Rewards

SEOUL, Nov. 8 (Korea Bizwire) – The Ministry of Science, ICT and Future Planning announced Monday that 17 researchers from Kolmar BNH will be sharing 16.5 billion won ($14.4 million) in compensation for their dedication and hard work.  Kolmar BNH was established in 2006 by the Korea Atomic Energy Research Institute and Korea Kolmar Holdings [...]