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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 [...]

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 [...]

S. Korea Announces New Solar Energy R&D Center

S. Korea Announces New Solar Energy R&D Center

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 [...]