Between 2000 and 2014, R&D expenditure of Republic of Korea grew substantially from 2.2 to 4.3 % rising at an increasing annual rate that reached a maximum of 8.01 % in 2011 and then decreased to 3.45 % in 2014.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
Expenditures for research and development are current and capital expenditures (both public and private) on creative work undertaken systematically to increase knowledge, including knowledge of humanity, culture, and society, and the use of knowledge for new applications. R&D covers basic research, applied research, and experimental development.