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Jung's paternity reveal exposes where Korea stands on extramarital babies
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Samsung entangled in legal risks amid calls for drastic reform
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[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
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Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
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[Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
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Prosecutors seek 5-year prison term for Samsung chief in merger retrial
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K-pop fandoms wield growing influence over industry decisions
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Korea's auto industry braces for Trump’s massive tariffs in Mexico
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[Graphic News] International marriages on rise in Korea
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South Korean companies are expected to increase their investment in research and development this year, a survey by a local think tank showed Wednesday.
According to the Korea Industrial Technology Association, 1,000 firms surveyed said they will increase their R&D investment by an average of 2.5 percent compared to the year before.
Based on the outcome of the survey, KOITA said the total R&D spending by the companies that have an institute or office specifically dedicated to R&D could reach about 51.6 trillion won ($45 billion).
The KOITA report said R&D spending by large companies is expected to reach 34 trillion won, up 2 percent from 2016, while investment by small and medium-sized firms is expected to jump by some 3.4 percent on-year to 12 trillion won.
The surveyed firms plan to hire 8,000 researchers this year, with large companies accounting for some 60 percent of the total, the surveyed showed. (Yonhap)
