Samsung Electronics will invest 5 trillion won ($4.5 billion) to build five new research and development (R&D) centers in Korea over the next three years, company officials said Tuesday. “R&D is crucial to ensuring success in the rapidly-changing consumer electronics industry. Total investment will amount to 5 trillion won,” a Samsung official told The Korea Times, asking not to be named. The official said that the money will be used to build five R&D centers. Under the plan, it has spent around 800 billion won in constructing R5, a research institute in Suwon designed to develop smart devices.
Samsung will spend 1.2 trillion won to build a cutting-edge design research center in Woomyeon-dong, southern Seoul. The center will begin operating from June 2015. The design center will house some 10,000 Samsung designers, software developers and strategists. The center will be designed to help researchers maximize creativity.
For full article, see Korea Times.