South Korean chemical companies are found to have been less aggressive in their research and development spending.
According to industry sources,... Korea's top 10 chemical firms have spent an average of around 1 percent of sales revenue on R&D in the first half of 2019.
That's lower than the global average for the chemical sector.
Sources say investment in R&D is crucial for firms to develop new materials,... amid efforts to reduce reliance on Japanese materials due to Tokyo's export curbs on Seoul.