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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
ULSAN, Jan. 12 (Korea Bizwire) – Ulsan is set to become a new R&D hub for South Korea’s battery industry. According to city officials on Wednesday, construction of UNIST’s Battery R&D Center will wrap up in March. The 17.7-billion-won ($15 million) center was funded by both UNIST (2.7 billion won) and the government (15 billion [...]
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 [...]
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, [...]
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 [...]
SEOUL, July 29 (Korea Bizwire) – The Ministry of Science, ICT and Future Planning (MSIP) of Korea revealed on July 29 its ‘2016 Innovation Plan for Engineering Schools’ during the 85th National Policy Revision Council, presided by Hwang Kyo-ahn, the Prime Minister of South Korea. A ‘junior’ research team consisting of undergraduate students majoring in engineering [...]