The R&D budget for security in South Korea has displayed modest fluctuations from 2013 to 2022, with recent values stabilizing around 0.17% of GDP from 2019 to 2023. The year-on-year variations show an average increase of approximately 1.2% to 1.37% from 2020 to 2023. The forecast indicates a slight increase to 0.18% of GDP by 2024, with a CAGR of roughly 0.86% expected until 2028. Future trends suggest a steady but slow growth trajectory in the R&D budget.
Key factors to monitor include governmental policy shifts, cybersecurity threats escalation, and advancements in technology that could necessitate accelerated R&D investments. Staying attuned to these indicators will provide insights into potential budget adjustments and strategic realignments in South Korea's security sector.
