Samsung's R&D Spending Tops W20 Trillion for 1st Time

  • english.chosun.com

    March 31, 2020 10:42

    Samsung Electronics invested a record amount in research and development last year despite its dismal performance, according to a business report released on Monday.

    The electronics giant spent W20.21 trillion on R&D in 2019, up 8.2 percent from the previous year and the first time that spending topped W20 trillion (US$1=W1,225). But Samsung suffered a more than 50 percent drop in operating profit last year on-year, while sales fell 34 percent.

    It had 105,527 employees -- 77,923 men and 27,334 women -- in Korea at the end of last year, its largest ever work force. The number was up 2,246 from 103,011 in 2018.

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