April 25, 2024

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[THE INVESTOR]  Hyundai Motor Group’s automotive R&D investments lag far behind global industry leaders, industry tracker CEO Score said on Dec. 28.

CEO Score compared the revenue-R&D investment ratio of 63 local companies and 62 foreign firms.

The results showed that the figure for Hyundai came to 2.2 percent, while that of Toyota Motor was 4.1 percent. The country’s leading auto parts maker Hyundai Mobis showed a larger gap with the global industry leader. According to CEO Score’s analysis, Hyundai Mobis’ revenue-R&D investment ratio was about a fifth of that of Robert Bosch.

Local automotive companies were not alone in lagging far behind global leaders in R&D spending. CEO Score’s analysis showed that the revenue-R&D spending ratio of South Korea’s top 10 companies by revenue came to about 76.1 percent of the figure for comparable foreign companies.

Of the 63 local firms included in the analysis, only Samsung Electronics and SK Innovation had higher revenue-R&D investment ratios than the world’s top firms in their industries.

By Choi He-suk (cheesuk@heraldcorp.com)