The Presidential Advisory Council on Science and Technology has set its research and development budget for 2022 at 23.5 trillion won ($20.7 billion), a 4.6 percent increase compared to this year.
Korea is a big spender in research and development (R&D). The spending ratio against the GDP is at 4.53 percent — second only to Israel with 4.94 percent. Both governments are eager in their R&D drive, but Korea does not generate...
Samsung Electronics said Monday its research and development (R&D) spending for the first nine months of the year hit a record high of 15.89 trillion won ($14.3 billion) amid the coronavirus pandemic.
Hyundai Motor Group broke ground on an innovation center in Singapore where cars and even flying vehicles will be tested.
Samsung Electronics said Wednesday it plans to hire a record number of postgraduate researchers this year to secure future technologies in the semiconductor and artificial intelligence (AI) sectors.
More than half a century has passed since Korea officially began developing science and technology by establishing a central government agency for that purpose in 1967. But it was not until 2001...
Auto parts maker Hyundai Mobis will invest 1 trillion won ($809 million) in tech research and development (R&D) this year. In a sustainability report published Wednesday, the company disclosed plans to embark on more than 2,000 R&D projects in 2020.