South Korea sharply cuts R&D budget for 2024, with 1,200 new researchers likely to be axed

Daniel Chiang; Willis Ke, DIGITIMES Asia Wednesday 27 September 2023 0

South Korean president Yoon Suk Yeol. Credit: AFP

The South Korean government has unveiled a substantial 16.6% reduction or KRW5.2 trillion (US$3.89 billion) in research and development (R&D) spending in its budget proposal for 2024, with the spending to drop to KRW25.9 trillion from KRW31.1 trillion...

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