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According to a survey by the Korea Institute of Industrial Technology Evaluation and Planning, there were more companies planning to increase their research and development spending than those maintaining the same amount or cutting back.
The ratio was 40 percent of almost 800 participants. It was higher for small to medium-sized businesses at over 64 percent compared to 35 percent for large conglomerates.
The most popular industries for R&D efforts include robot and bio industries, overtaking chemical, semiconductor and materials industries.
Arirang News
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