Updated Sep.2,2008 06:37 KST

Businesses Increase R&D Spending in 2008

R&D Investment Up 26,000 Times in 40 Years
Firms Plan to Increase R&D Spending
Korea Rises in Research and Development
Korea Ranked 12th in Science and Technology Innovation
Most Influential Korean Scientists Named
17% of Science & Technology Doctorate-Holders in Non-Regular Work
The amount of investment in the research and development sector by Korean businesses has increased during the first six months of this year, despite the economic slowdown.

According to the Korea Listed Companies Association, 393 companies spent a total of W7.6 trillion (US$1=W1,118) on R&D, up 14 percent from the same period last year.

R&D spending by the country's five major manufacturing companies also saw a ten-percent boost from a year before, to nearly W6 trillion.

Samsung Electronics, Asia's largest technology group, topped the list, followed by LG Electronics and Hyundai Motors.

Arirang News