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Samsung to invest $4.5B in five new South Korean research centers

updated 07:33 am EDT, Thu July 4, 2013

One Samsung design center will accommodate 10,000 employees

Samsung is preparing to invest in five research and development centers in its native South Korea, say company officials. The investment, in the region of 5 trillion won ($4.5 billion) will cover the creation and operation of the new centers in the country over the next three years, in its efforts to create new products and technologies.

The unidentified officials, speaking to the Korea Times, advised that one of the centers in southern Seoul will cost 1.2 trillion won ($1 billion), with the design-focused center able to accommodate 10,000 employees. The other centers will have focuses on smart devices, the study of next-generation materials and components, and two devoted to chip and flat-screen designs. The new centers will be operational by 2014, with the design center set for a 2015 opening.

Samsung has been upping its R&D spending over the last few years. In 2012, it managed to spend 11.9 trillion won ($10.4 billion) on research, a record for the company and beating 2011's 10.3 trillion won ($9 billion) expense.




by MacNN Staff

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