Samsung Electronics set a new record in 2019 in terms of the number of employees and the size of R&D investment
The number of the company’s employees in Korea stood at 105,257 at the end of 2019, up 2,246 from the end of the previous year, Samsung Electronics said in its 2019 business report published on March 30.
The company’s workforce in Korea fell from 96,898 in 2015 to 93,200 in 2016, and then grew to 99,784 in 2017 and surpassed 100,000 in 2018.
In August 2018, Samsung Electronics vice chairman Lee Jae-yong announced a plan to invest 180 trillion won and directly hire 40,000 people over the next three years to lay the foundation for future growth. Accordingly, the company’s payroll is expected to continue to expand.
Samsung Electronics' R&D spending in 2019 hit 20.21 trillion won, exceeding 20 trillion won for the first time in its history. This is an increase of 1.5 trillion won from 18.66 trillion won at the end of the previous year. The tech giant expanded its investment in new growth engine items such as system semiconductors and quantum dot (QD) displays, despite a slump of the semiconductor industry in 2019, analysts say.
The company’s R&D expenditure to sales ratio reached 8.8 percent in 2019, up 1.1 percentage points from the previous year.