R&D spending South Korea 2010-2022

Published by L. Yoon, Jun 20, 2024

In 2022, the total expenditure on research and development (R&D) in both the public and private sectors in South Korea reached over 112.6 trillion South Korean won, up from roughly 102 trillion won in the previous year. South Korea's R&D spending has grown steadily over the past few years. According to the source, the ratio of R&D spending to gross domestic product (GDP) has also increased, from about 4.9 percent to 5.2 percent in 2022.

Total amount of expenditure on research and development (R&D) in South Korea from 2010 to 2022 (in trillion South Korean won)

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Release date

April 2024

Region

South Korea

Survey time period

2010 to 2022

Number of respondents

68,649 organizations*

Special properties

governmental and private expenditures

Supplementary notes

*Including public research institutes, universities, medical institutes, and private companies.

Figures have been rounded.

1,000 South Korean won equals 0.73 U.S. dollars or 0.67 euro as of June 2024.

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