SEOUL, July 1 (Korea Bizwire) – Industry 4.0, or the fourth industrial revolution, is just around the corner. In truth, we’re already a part of it. The Korean government revealed Thursday that it would increase its research & development investment by 50 percent in high-tech fields like artificial intelligence and robotics that will be of [...]
SEOUL, May 12 (Korea Bizwire) – South Korea launched a presidential council on science and technology Thursday to oversee the nation’s efforts to overhaul the research and development (R&D) sector. The “strategic” panel, headed by President Park Geun-hye, will serve as a “control tower” and a “trouble shooter” for South Korea’s overall science and technology [...]
SEOUL, March 30 (Korea Bizwire) – South Korea maintains its lead as the world’s largest investor in research and development (R&D) for its economic size but still has a long way to go to compete with the U.S. and Japan, the government said Wednesday. South Korea spent 4.29 percent of its gross domestic product (GDP) on R&D [...]
SEOUL, May 7 (Korea Bizwire) — Japanese automakers are expected to spend a record amount on research and development (R&D) activities this year, data showed Thursday, raising concerns that South Korean rivals’ competitiveness may be further hurt amid unfavorable currency exchange rate conditions. Four major carmakers in Japan — Honda Motor, Toyota Motor, Mazda Motor [...]
SEOUL, Oct. 8 (Korea Bizwire) – Even as the government budget for research and development is rising while the number of patents from state-run R&D organizations reaching a record-high level, the qualitative level of overall government R&D output is getting lower. According to Congressman Lee Hyun-jae (New Frontier Party) on October 7 in a parliamentary [...]