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Korea's R&D Budget...It's the world's No. 1 increase rate

조회 3095 | 2024-01-27 17:50
http://www.momtoday.co.kr/board/103081
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Korea's R&D Budget...It's the world's No. 1 increase rate. Performance "Mimi"
Number one in the world, up 640% since 2000 6% increase every year, but question of performance I can't reform the structure because of symbolism 尹 "Reduce the R&D budget to the vulnerable."
During the parliamentary budget review process, the government decided to maintain the three principles of national R&D budget: selection, concentration, and efficiency expansion. Although there is growing opposition from stakeholders and opposition parties over budget structural reform, the intention is to put a low-cost R&D budget on the operating table and put it on track. However, the government plans to increase the R&D budget significantly in areas that are needed nationally.
It took 11 years for the national R&D budget, which exceeded 10 trillion won in 2008, to surpass 20 trillion won in 2019. On the other hand, it took only three years for the R&D budget, which exceeded 20 trillion won in 2019, to surpass 30 trillion won. In particular, the R&D budget has increased by more than 3 trillion won for two consecutive years between 2020 and 2021, but it is evaluated that it has not produced remarkable results. The R&D budget is considered a representative example of 'high cost, low efficiency'
Yoon administration's fiscal crisis in 2023…"When I opened my eyes, it was underdeveloped."
The Bank of Korea officially acknowledged that the nation's economy is in a "recession." It has been half a year since the Ministry of Strategy and Finance officially acknowledged that the Korean economy is "slowing." Korea's economy is so bad that the word "recession" comes out beyond "slowness." Of course, psychologically, the nation's economy seems to have always been in a bad shape since the 1997 financial crisis. So even if a wolf called "recession" appears, it may sound like a shepherd boy's saying without much inspiration.
Korea's economy that took a crisis as an opportunity However, the nation's economy has grown remarkably since overcoming the financial crisis. Economic indicators alone deserve to be called the "second miracle of the Han River." Gross domestic product (GDP) exceeded $1.6 trillion in 2020 from $380 billion in 1998. It is a whopping 330% surge. During the same period, the average growth rate of GDP in OECD countries was only 104%. The growth rate of the U.S. GDP, which leads the digital revolution and is called "single growth," is also 130%. Europe's manufacturing powerhouse Germany has grown by 70%, Britain 64% and Japan 26%

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