Based on the data, the number of researchers in business services in South Korea has steadily increased from 2013 to 2023. In 2023, the number of researchers stood at 399.67 thousand persons. Over the last two years, from 2021 to 2023, there has been a year-on-year increase of around 2.59%. The compound annual growth rate (CAGR) over the last 5 years was 2.86%, indicating a steady, albeit slowing, growth trend.

Looking ahead, from 2024 to 2028, the forecast suggests a modest rise in the number of researchers, with a 5-year forecast CAGR of 1.77%, translating to an overall growth rate of 9.17% by 2028. While growth is expected to continue, the rate is anticipated to be slower compared to previous years.

Future trends to watch for:

Technological advancements driving demand for specialized business services researchers.
Policy changes and governmental support for research activities in the business sector.
Global economic conditions impacting the growth trajectory.