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Electronics Production | July 13, 2009

Ericsson with new R&D centre in South Korea

Sweden-based Ericsson is to invest in a new R&D-Centre in South Korea, adding 1000 new staff in the country.
This was announced during the meeting of the South Korean President Lee Myung-bak and Ericsson's soon-to-be CEO Hans Vestberg in Sweden. Ericsson is to invest around $1.5 billion in South Korea over the next 5 years, reports Reuters. An official Ericsson press release states that the company and the Republic of Korea have initiated a collaboration aiming to use mobile broadband and other communication technologies, such as machine to machine (m2m), to create a green eco-system.
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