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The total research and development expenses of the 500 largest South Korean companies in terms of sales in the first three quarters of the year amounted to 39.3 trillion won ($ 33.8 billion). This is 11.3% more than a year earlier, according to Yonhap, citing a study by CEO Score.
The study suggests that in January-September, these companies received 1265.3 trillion won in total revenue, which is 0.8% less than the same period last year. Nevertheless, their total R&D expenses amounted to 3.13% of sales, which is 0.34% more than a year earlier.
The first place among South Korean companies in the ratio of R&D expenses to sales was taken by the country's leading Internet company Naver Corp. with an indicator of 25.96%.
The pharmaceutical giant Celltrion, which ratio of R&D to sales was the biggest two years ago, has moved up higher to the second place (25.63% ratio).
Samsung Electronics, the largest manufacturer of smartphones and memory chips in the world, turned out to be the best R&D sponsor in terms of expenses with 15.29 trl KRW, however, the ratio put the giant in the 16th place in the rating.
source: en.yna.co.kr
The study suggests that in January-September, these companies received 1265.3 trillion won in total revenue, which is 0.8% less than the same period last year. Nevertheless, their total R&D expenses amounted to 3.13% of sales, which is 0.34% more than a year earlier.
The first place among South Korean companies in the ratio of R&D expenses to sales was taken by the country's leading Internet company Naver Corp. with an indicator of 25.96%.
The pharmaceutical giant Celltrion, which ratio of R&D to sales was the biggest two years ago, has moved up higher to the second place (25.63% ratio).
Samsung Electronics, the largest manufacturer of smartphones and memory chips in the world, turned out to be the best R&D sponsor in terms of expenses with 15.29 trl KRW, however, the ratio put the giant in the 16th place in the rating.
source: en.yna.co.kr
