2023: Top South Korean conglomerates, including Samsung, LG, and Hyundai, increased R&D investments by 9.4% to 73.42 trillion won ($54bn)
2023 South Korean big companies increased R&D investments by 9.4% to 73.42 trillion won ($54bn) despite lower earnings, according to CEO Score. Top 10 conglomerates, including Samsung Electronics, LG Electronics, and Hyundai Motor, accounted for over 70% of overall R&D spending. Samsung Electronics spent 28.35 trillion won, a 14% increase. Despite economic slowdowns, companies prioritized R&D for future growth.
April 09, 2024
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