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Research & Development Expenditure

R&D intensity was 3.47% for the year 2007, highest among APEC economies. According to national survey for the year 2005, GERD was 24,155 billion won. OECD data is the latest one. Data from National agency survey and OECD is presented below.

Table: Breakup of R&D Expenditure
SourceNational R&D SurveyOECD
YearYear: 2005USD million
UnitsBillion wonYear: 2007
Gross Domestic Expenditure on R&D24,15541,741.6
R&D Expenditure by spending sector:  
Business/Industry18,56431,807.1
Government 3,1934,883.8
Higher Education2,3984,466.4
Private &/or non-profit/FFRDCs 584.4
Others  
R&D Expenditure by source of funds  
Business/Industry18,10730,763.6
Government5,87710,351.9
Higher Education  
Foreign17183.5
Other sectors (e.g. Public Research Institutes)  
Others 542.6
Source: (1) MEST survey '2006 Research and development activities' (2) OECD, Main Science and Technology Indicators database, May 2009.