Samsung given green light on $822m Korean R&D build

Samsung given green light on $822m Korean R&D build

Summary: Samsung has received approval from a Seoul district council to construct a new research and development center.

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TOPICS: Samsung
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Samsung Electronics has been given the green light to build a research and development center in Seoul.

samsung new seoul office korea research development

According to the Korea Herald, the Korean firm applied for permission to construct the R&D center in Umyeon-dong, Seocho-gu, Seoul. District officials have now given the technology giant the seal of approval, and so the 1 trillion won center $822 million) began construction last week.

The research and development center will focus on software and technological design. Standing 10 stories high on a 330,000 square meter plot, the company expects to house approximately 10,000 research employees.

The R&D center's completion is scheduled for May 2015.

Samsung already has six existing resarch and development centers in Korea, and 18 others scattered across the globe. The company's website states that over a quarter of Samsung employees -- 42,000 people -- work in research and development, according to figures updated before 2010.

The news that Samsung is steaming ahead with the build has come at the same time the electronics giant is embroiled in a legal battle with rival firm Apple. Both companies are fighting for financial damages through patent infringement -- and ironically, Apple is persuing the South Korean firm over patent infringement related to device design. 

 

 

Topic: Samsung

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