The R&D budget for Planet and Infrastructure in South Korea as a percentage of GDP exhibited a declining trend from 2013 to 2017, moving from 0.24 to 0.22. From 2018 to 2023, the value remained consistently at 0.22. In terms of year-on-year variation, the budget showed mild fluctuations, with a notable negative trend from 2013 to 2018, and a relatively stable period from 2019 onwards. The compound annual growth rate (CAGR) was highest between 2014 and 2015 at 2.85%, but generally exhibited a negative trend until recently turning positive at 0.38% by 2023.

Key future trends to watch for:

The R&D budget is forecasted to remain stable at 0.22% of GDP from 2024 to 2028.
A minimal forecasted CAGR of 0.05% over the next five years suggests limited growth, highlighting potential stagnation in investment levels.
Important to monitor changes in government policies, global economic conditions, and technological advancements that might influence future R&D spending.