South Korea's top tech giant, Samsung Electronics Co., ranked No. 2 in research and development (R&D) spending for the second consecutive year in 2013, data showed Tuesday.
According to the Korea Institute of Science and Technology Evaluation and Planning (KISTEP), which cited the data compiled by the European Commission, Samsung spent 10.16 billion euros (US$12.12 billion) on R&D projects in 2013, lower than the 11.7 billion euros by German carmaker Volkswagen AG.