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R&D

R&D Industry

Korea R&D Budget Size

The national R&D budget has grown to close to 30 trillion won over the past 6 years.

Size of government R&D budet by Year

(Unit: trillion won, %)

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Division 2017 2018 2019 2020 2021 2022
R&D budget(trillion won) 19.5 19.7 20.5 24.2 27.4 29.8
R&D budget growth rate(%) 1.9 1.1 4.4 18.0 13.1 8.8
Total expenditure growth rate(%) 3.7 7.1 9.5 9.1 8.9 8.3
Zoom in
※ Source : Ministry of Economy and Finance
Government R&D Investment Ranking as Korea's GDP

Korea ranks 1st in government R&D investment as a percentage of GDP and 2nd in total R&D investment in the world

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Government R&D investment - 1st
National R&D invest(hundredmillion $) Percentage of GDP(%)
Germany 456 0.98
Japan 409.4 0.77
South Korea 240.1 1.09
National R&D investment - 2nd
National R&D invest(hundredmillion $) Percentage of GDP(%)
Germany 1226.3 3.12
Japan 1647.1 3.24
South Korea 764.1 4.64
※ Source : Ministry of Economy and Finance
Direction of National R&D Investment in 2022

7 R&D-focused investment plan industry sectors

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  • Infectious disease(Vaccinedevelopment, Vaccine Hub Construction or Establishing a vaccine hub)
  • Public safety(Disaster countermeasure or Disaster response, Public safety, food security)
  • Korean New Deal(Digital, Green+Carbon neutrality)
  • BIG3+(System Semiconductor, Bio health, Future car)
  • Materials, Components, Equipment
  • Aerospace. Planes
  • Next D.N.A(AI+ quantum, 6G, Cloud. Metaverse)
※ Source : Ministry of Economy and Finance
Number of R&D Application

Achievements through R&D such as the number of SCI papers and domestic and international patent applications

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(AI+ quantum, 6G, Cloud. Metaverse) - 41,919
Number of patents (as of 2019) - 59,042
※ Source : Ministry of Economy and Finance

Nation's Best Industries and R&D

Semiconductor
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The ranking of semiconductor companies - SAMSUNG(1st), SK hynix(4th)

※ Source : IC insight’s

Semiconductor market share
Global Semiconductor Market Share (2019) - 2nd
  • SouthKorea : 18.4%(78.9 billion dollars)
  • USA : 50.6%(216.9 Billion dollars)
  • Japan : 10.0%
  • Europe : 9.5%
  • China : 4.7%
  • Etc : 6.8%
Global Memory Semiconductor Market Share (2019) - 1st
  • SouthKorea : 58.4%(65.7 billion dollars)
  • USA : 28.7%
  • Japan : 8.2%
  • Taiwan : 4.0%
  • China : 0.4%
  • Etc : 0.3%

Korea ranks second in the world for overall semiconductor market share and the first for memory semiconductors.

※ Source : OMDIA

Display
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OLED market share

OLED panel(South Korea(89.4%), 10.6%)

South Korea

※ Source : OMDIA

Display market share (unit : %)
Nationality 2016 2017 2018 2019 2020
South Korea 45.8 44.4 42.6 40.2 36.9
China 17.6 21.0 25.0 29.2 36.2
Taiwan 21.3 22.9 24.5 21.9 22.6
Japan 14.3 10.8 6.7 5.9 3.6
Etc. 0.9 0.9 1.2 0.9 0.7

In the display market, South Korea has been ranked No. 1 continuously for 5 years

※ Source : KDIA

Seoul R&D Ecosystem

Seoul's Excellent R&D Industry

Seoul continues to invest money and manpower in R&D to develop excellent industries and to support R&D for each base, and strive for the 4th industrial revolution and economic revitalization.

  • Total investment
    in R&D
    in Seoul in 2020

    41.5 billion won

  • Seoul
    R&D manpower
    in 2019

    180,311

  • Revitalization of
    R&D industry by base
    Hongneung (Bio, Medical) Yangjae (AI) G Valley
    (Convergence)
    Dong Dae Moon
    (Fashion)
  • Number of
    R&D Organizations
    in Seoul in 2019

    13,438

※ Source: Seoul Metropolitan Government , KOSIS