Samsung to build five new R&D centers in Korea for $4.5 billion

Samsung to build five new R&D centers in Korea for $4.5 billion data = {blogUrl: "www.engadget.com",v: 400};when = {jquery: lab.scriptBs("jquery"),plugins: lab.scriptBs("plugins"),eng: lab.scriptBs("eng")}; var s265prop9 = ('20648570' !== '') ? 'bsd:20648570' : ''; var postID = '20648570'; var modalMNo = '93319229', modalVideoMNo = '93320648', modalGalleryMNo = '93304207'; when.eng("eng.omni.init", {pfxID:"weg",pageName:document.title,server:"acp-ld39.websys.aol.com",channel:"us.engadget", s_account: "aolwbengadget,aolsvc", short_url: "",pageType:"",linkInternalFilters:"javascript:,",prop1:"article",prop2:"misc",prop9:s265prop9,prop12:document.location,prop17:"",prop18:"",prop19:"",prop20:"", prop22:"terrence-obrien", prop54:"blogsmith",mmxgo: true }); adSendTerms('1')adSetMOAT('1');adSetAdURL('/_uac/adpagem.html');lab._script("http://o.aolcdn.com/os/ads/adhesion/js/adhads-min.js").wait(function(){var floatingAd = new AdhesiveAd("348-14-15-14d",{hideOnSwipe:true});}); onBreak({980: function () { adSetType("F");htmlAdWH("93319229", "LB", "LB"); adSetType("");}}); EngadgetMenu NewsReviews Features Galleries VideosEventsPodcasts Engadget ShowTopics Buyers Guides Sagas Store Hands On More Betterer HD Mobile Alt Announcements Cameras Cellphones Desktops Displays Gaming GPS Handhelds Home Entertainment Household Internet Laptops Meta Misc Networking Peripherals Podcasts Robots Portable Audio/Video Science Software Storage Tablets Transportation Wearables Wireless Acer Amazon AMD Apple ASUS AT&T Blackberry Canon Dell Facebook Google HP HTC Intel Lenovo LG Microsoft Nikon Nintendo Nokia NVIDIA Samsung Sony Sprint T-Mobile Verizon About UsSubscribeLike Engadget@engadgettip uswhen.eng("eng.nav.init")when.eng("eng.tips.init") onBreak({980: function () {htmlAdWH("93308280", "215", "35",'AJAX','ajaxsponsor');}});Samsung to build five new R&D centers in Korea for $4.5 billionByTerrence O'BrienpostedJul 3rd, 2013 at 7:00 PM 0

You gotta spend money to make money. Samsung knows that, which is why the Korean powerhouse will be spending about 5 trillion won (roughly $4.5 billion) to build five new R&D centers over the next three years. All of the facilities will be in the company's homeland, with a $1 billion research center set to open in southern Seoul late in 2015. At that particular building, it's expected that some 10,000 employees will take up residence, focusing primarily on design. Samsung also plans to dedicate new R&D centers to materials and component development, as well as chips and displays. In 2012 Samsung dropped a company-record 11.9 trillion won (about $10.5 billion) on R&D, and there's no sign that it'll be slowing down anytime soon. In fact, its research budget is up about $1.4 billion from 2011. Sure, there might not be as much of an immediate windfall from the investment, like you might see from an advertising blitz or lawsuit, but we're willing to bet it keeps Sammy competitive for much of the foreseeable future.

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Source: Korea Times

Tags: investment, Korea, RandD, ResearchAndDevelopment, samsung

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