Distribution Firms’ R&D Spending Lags Behind Others

SEOUL, Nov. 8 (Korea Bizwire) — South Korean retailers and wholesalers lag far behind other firms in spending on research and development (R&D) and the adoption of new technologies, despite the ongoing the fourth industrial revolution, a report said Wednesday. The local distribution industry’s ratio of R&D expenditure to sales came to 0.5 percent in [...]