Recently, the Korean Government has heavily invested in basic research through the creation of the Institute of Basic Science (IBS), internationalization of its research and increasing recognition of creativity in R&D by supporting research freedom and start-ups/technology transfer.


National Research Foundation (NRF)


The National Research Foundation (NRF) is the agency of the Ministry of Science and ICT responsible for funding mainly basic research. The mission of this agency is to promote research creativity and nurture global researchers through the improvement of research quality, support to researchers and international cooperation.



  • South Korea invests 4.6% of its GDP in research, it is second worldwide behind Israel
  • Korean Government’s highest investments are in the sectors of Health, Life Science and Food
  • Korea has the second highest amount of total researchers within OECD
  • Graduation rate from university among Korean aged from 24 to 34 is 63% ranking Korea as number 1 among OECD countries