Korean conglomerates expand R&D spending on recovery hopes
Lotte hotel
Seoul - Yonhap
South Korea's major conglomerates increased spending on research and development (R&D) in the first half of this year on expectations of a global economic recovery, data showed Wednesday.
The combined amount of R&D investment made by 55 affiliates of South Korea's top 10 conglomerates increased 8.28 percent on-year to 30.12 trillion won (US$29.64 billion) in the January-June period, according to the data reported in their regulatory filings.
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