• 2025.10.22 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
MENU
 
Home > Industry

South Korea Maintains Strong R&D Investment, Leading in Researcher Numbers

Desk / Updated : 2024-12-29 12:14:51
  • -
  • +
  • Print


Seoul, South Korea – South Korea has continued to demonstrate a strong commitment to research and development, according to the latest data released by the Ministry of Science and ICT. The country's total R&D expenditure reached a record high of 119 trillion won in 2023, marking a 5.7% increase from the previous year.

This robust investment has solidified South Korea's position as a global R&D powerhouse. The country's R&D expenditure as a percentage of GDP remained among the highest in the world, at 4.96%, second only to Israel.

A notable finding from the survey is the significant increase in development research. While basic and applied research remain important, the share of funding allocated to development research has grown considerably, reflecting a growing emphasis on commercializing research outcomes.

South Korea also boasts the world's highest number of researchers per 1,000 employees, underscoring its strong scientific workforce. The country's research institutions, particularly universities and businesses, have been instrumental in driving this growth.

Comparison with Global Peers

When compared to other major economies, South Korea's R&D performance is impressive. While the United States maintains the largest absolute R&D expenditure, South Korea's relative investment is significantly higher. Japan, another Asian tech powerhouse, also lags behind South Korea in terms of R&D intensity.

Implications

The sustained growth in South Korea's R&D investment has far-reaching implications for the country's economic future. By fostering innovation and technological advancement, the government aims to enhance the nation's competitiveness in the global marketplace. Moreover, the increased emphasis on development research is expected to stimulate economic growth and create new jobs.

Looking Ahead

As South Korea continues to prioritize R&D, it will be interesting to see how the country addresses emerging challenges such as climate change, aging populations, and global supply chain disruptions. By maintaining its commitment to research and innovation, South Korea is well-positioned to remain a global leader in science and technology.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #seoulkorea
  • #periodicoeconomico
  • #글로벌이코노믹타임즈
  • #GET
  • #GETtv
  • #한국기업
  • #한국기술
  • #대한민국
  • #coreadelsur
  • #재외
Desk
Desk

Popular articles

  • Korean Gold Rush Overheats as 'Kimchi Premium' Hits Dangerous Levels

  • KOSPI Sensitive to Global Headwinds Ahead of Holiday Break

  • Seoul Launches Driverless Shuttle Service in City Center

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065582839826690 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • LG Electronics Launches 'ThinQ ON' AI Home Hub to Lead Smart Home Market
  • Supersonic 'Hyperloop' Poised to Shrink South Korea, Cutting Seoul-Busan Trip to 20 Minutes
  • Traffic Congestion Levy Stifles Support for Small Businesses
  • S. Korea Ramps Up Cybersecurity with Sweeping Measures
  • Gmarket Challenges E-Commerce Leaders Coupang and Naver with 700 Billion Won Investment and Alibaba Synergy
  • Arc Flash Horror: Uncertified Adapter Blamed for Fiery Tesla Charging Explosion in Canada

Most Viewed

1
The Imminent Reality: Donald Trump's Unlikelihood for the Nobel Peace Prize as a Destroyer of International Order
2
Renewable Energy Covers 100% of Global Electricity Demand Growth in H1 2025, Marking a Turning Point in the Fossil Fuel Era
3
Early Winter Chill Grips South Korea as Seoraksan Sees First Snow
4
McDonald's 'Subtle Racism' Controversy: Korean American Denied Order After 70-Minute Wait
5
A Chemical Revolution, the Era of Metal-Organic Frameworks (MOFs) Begins: 2025 Nobel Prize in Chemistry
광고문의
임시1
임시3
임시2

Hot Issue

Chinese Researchers Unveil Ultra-Fast Analog Chip, Targeting 1,000x Nvidia Speed

Melody in the OR: Parkinson's Patient Plays Clarinet During Brain Surgery

South Korean Chip Titans Clash Over Next-Gen HBM4 Memory

South Korea to Launch Government-Led AI Certification to Combat Market Confusion

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 세종시
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE