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South Korea Third in OECD in IT Industry R&D Investment |
| Source: |
world.kbs.co.kr |
| Source Date: |
Sunday, November 04, 2012 |
| Focus: |
Institution and HR Management
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| Country: |
Korea (Republic of) |
| Created: |
Nov 06, 2012 |
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South Korean companies’ investment in IT and communications research and development accounts for nearly one-point-five percent of the country’s gross domestic product.
According to a report from the Organization for Economic Cooperation and Development, investment in research by South Korean IT and communications companies accounted for one-point-48 percent of the nation’s GDP, coming in third after Finland and Taiwan out of 38 countries.
Only four countries had a ratio of over one percent: South Korea, Finland, Taiwan, and Israel.
By sector, manufacturing investment by conglomerates like Samsung Electronics accounted for one-point-36 percent of South Korea’s GDP, while software and contents made up 0.13 percent.
Out of the total investment for research and development made in South Korea, 53-point-one percent was for the IT industry, leaving South Korea in fourth place after Taiwan, Finland and Greece, respectively.
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South Korea Third in OECD in IT Industry R&D Investment South Korean companies’ investment in IT and communications research and development accounts for nearly one-point-five percent of the country’s gross domestic product
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