The Republic of Korea is one of the leading global research nations. From its humble beginnings in the 1960s as a poor nation until today, Korea has made impressive progress in quality of research. Korea is now a globally leading R&D power in areas of industrial research (IT, communication, transport, civil engineering). The Korean Government also invests heavily in R&D and its numerous public research institutes and universities constantly improve.
76.53% of research in South Korea is mainly developed by business sector (especially big conglomerates), 11.73% by the Government, 10.09% by Higher Education Sector and 1.65% by Private non-profit sector.