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 [...]
SEOUL, April 14 (Korea Bizwire) — Major South Korean companies’ spending on research and development (R&D) climbed nearly 8 percent in 2019 despite weaker performances, a market tracker said Tuesday. Combined R&D expenditures by 208 out of the top 500 companies by sales came to 53.5 trillion won (US$43.9 billion) last year, up 7.8 percent [...]
SEJONG, Feb. 6 (Korea Bizwire) — South Korea said Thursday it will spend 385.6 billion won (US$326.2 million) on research and development (R&D) projects for auto parts for eco-friendly vehicles, such as electric cars, in line with the country’s latest clean energy drive. The project that will run through 2026 will center on lending hands [...]
SEOUL, Apr. 30 (Korea Bizwire) — South Korea ranked No. 1 in the world in terms of its ratio of research and development (R&D) spending to gross domestic product, data showed Tuesday. The latest data by the Organization for Economic Development & Cooperation (OECD) showed South Korea’s R&D intensity rate standing at 4.55 percent as [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korean companies lag far behind their Asian peers in Japan, China and Taiwan in research and development investment, a local think tank said Wednesday. Thirteen Korean companies made it to the ranks of the world’s top 500 R&D companies last year. South Korea ranked ninth in terms of [...]