The business expenditure on R&D in telecommunications in South Korea has experienced a significant downtrend over the past decade. In 2023, the expenditure stood at 0.46 units. From 2013 to 2023, there has been a fluctuating but overall negative trend with substantial year-on-year variations, such as a 17.65% drop in 2017 and a successive decline leading to a 6.12% decrease in 2023. Over the past five years, the CAGR was -2.04%, indicating a continued decline. The forecast predicts that by 2028, the expenditure will decrease further, with a forecasted 5-year CAGR of -5.74% and an overall reduction of 25.58% from current values.
Future trends to watch for include advancements in 5G and emerging 6G technologies, government policies on R&D incentives, global economic conditions, and increased competition from global players. Monitoring these factors could indicate shifts in expenditure patterns and potential stabilization or growth areas within the telecommunications R&D sector.
