Samsung Electronics is world's fourth largest R&D spender: Report

A new report shows only three other companies in the world.... spend more on research and development than Samsung Electronics.
Samsung was also the only South Korean corporation to be named a high-level innovator by a global auditor.
Choi Si-young reports.

According to a report released by accounting firm PricewaterhouseCoopers, Samsung Electronics is the fourth largest R&D spender among a thousand global companies.
Its 2018 Global Innovation report ranks companies' R&D investment as a percentage of sales for a year from last July to June this year.

Samsung Electronics invested a total of 15-point-three billion U.S. dollars during that period.
That was almost seven percent of the tech firm's revenue... and an on-year increase of six-point-eight percent.
Amazon topped the list with R&D spending of 22-point-six billion dollars or 12-point-seven percent of its revenue, up more than 40 percent on-year.
The U.S. e-commerce giant was followed by Google's parent company Alphabet and German automaker Volkswagen.

In the same PricewaterhouseCoopers report, Samsung Electronics was ranked sixth in a list of high-level global innovators.
Apple, Amazon and Alphabet were the top three for the second consecutive year.
Choi Si-young, Arirang News.