In 2021, approximately 450 billion South Korean won was spent on research and development (R&D) on product manufacturing within the water industry in South Korea. That year, a total of around 826 billion won was spent on R&D in the water industry in the country overall. South Korea lacks natural resources in comparison to its population, with most of its water coming from dams and rivers.
Water management and expertise
In response to this deficiency, the nation has developed a level of expertise in water management and technology over the years. Other countries and regions facing similar issues, such as China and the Middle East, have since started importing this expertise from the South Korean water industry. In 2021, exports from the South Korean water industry totaled over 1.9 trillion won.
Growing water consumption
Domestically, South Korea processes millions of cubic meters of wastewater to be reused daily in its hundreds of sewage treatment facilities. The amount of wastewater treated every day has steadily increased in the past 10 years and shows little sign of stopping. As consumption continues to grow, there will be pressure on the water industry to continue providing a steady supply to the population.
Research and development expenditure on the water industry in South Korea in 2021, by sector
(in billion South Korean won)
Characteristic
Expenditure in billion South Korean won
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
ME (South Korea). (March 24, 2023). Research and development expenditure on the water industry in South Korea in 2021, by sector (in billion South Korean won) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1382484/south-korea-rnd-expenditure-on-water-industry-by-sector/
ME (South Korea). "Research and development expenditure on the water industry in South Korea in 2021, by sector (in billion South Korean won)." Chart. March 24, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1382484/south-korea-rnd-expenditure-on-water-industry-by-sector/
ME (South Korea). (2023). Research and development expenditure on the water industry in South Korea in 2021, by sector (in billion South Korean won). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1382484/south-korea-rnd-expenditure-on-water-industry-by-sector/
ME (South Korea). "Research and Development Expenditure on The Water Industry in South Korea in 2021, by Sector (in Billion South Korean Won)." Statista, Statista Inc., 24 Mar 2023, https://www.statista.com/statistics/1382484/south-korea-rnd-expenditure-on-water-industry-by-sector/
ME (South Korea), Research and development expenditure on the water industry in South Korea in 2021, by sector (in billion South Korean won) Statista, https://www.statista.com/statistics/1382484/south-korea-rnd-expenditure-on-water-industry-by-sector/ (last visited August 25, 2024)
Research and development expenditure on the water industry in South Korea in 2021, by sector (in billion South Korean won) [Graph], ME (South Korea), March 24, 2023. [Online]. Available: https://www.statista.com/statistics/1382484/south-korea-rnd-expenditure-on-water-industry-by-sector/