Samsung Got Greenlight To Build $822 Million R&D Center In Korea

Posted on Aug 17 2012 - 7:50am by Editorial Staff

The Korea Herald reporting that Samsung has given a greenlight from the district office to construct the 1 trillion won (about $822 million) research and development center in Umyeon-dong, Seocho-gu, Seoul. The R&D center will be of 10 stories high and covers a 330,000 square meter plot, housing some 10,000 research employees.  According to local media, the company even began the construction of the center last week. Overall, it is expected to complete the construction by May 2015. Sounds like the Korean giant planning big high with its plan of opening up of research and development center, giving an edge to its rivals.

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