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NSN bets $175M on R&D in South Korea

by Matt Kapko
written by Matt Kapko Share
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Nokia Siemens Networks is planning to spend $175 million on wireless broadband technology research and development in South Korea. The investment will stretch out over the next several years, according to South Korea’s Yonhap News Agency.
The joint venture between Nokia Corp. and Siemens AG expects to open “smart labs” in the country before march. NSN says it will hire 20 to 30 employees initially and seek out partnership with other local businesses.

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Former Feature writer for RCR Wireless NewsCurrently writing for CIOhttp://www.CIO.com/ Matt Kapko specializes in the convergence of social media, mobility, digital marketing and technology. As a senior writer at CIO.com, Matt covers social media and enterprise collaboration. Matt is a former editor and reporter for ClickZ, RCR Wireless News, paidContent and mocoNews, iMedia Connection, Bay City News Service, the Half Moon Bay Review, and several other Web and print publications. Matt lives in a nearly century-old craftsman in Long Beach, Calif. He enjoys traveling and hitting the road with his wife, going to shows, rooting for the 49ers, gardening and reading.

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