Analyzing South Korea's R&D budget allocation for Planet and Infrastructure from 2024 to 2028, we observe a gradual year-on-year decline. The budget is forecasted to decrease from 17.62% of total government support in 2024 to 17.16% by 2028. From 2023 to 2024, we note a plateau at 17.62%, with the budget reduction commencing in 2025. Over the five-year period, the average annual decrease, or CAGR, indicates a consistent trend of minor reductions in R&D investment within this sector.
Future trends to watch for include potential shifts in government priorities towards emerging technologies and sustainability initiatives. Additionally, global economic conditions and policy changes might influence budget allocations, possibly countering or amplifying the current downward trend.
