![Jang Seob Yoon](https://cdn.statcdn.com/static/../CMS/contactperson/ERI2596_1599056597.jpg)
Company R&D investments for AI South Korea 2018-2022
In 2022, it was estimated that companies invested approximately 2.7 trillion South Korean won into research and development (R&D) regarding artificial intelligence (AI) in South Korea. The three-year period from 2020 to 2022 saw a Compound Annual Growth Rate (CAGR) of about 17 percent for such investments.