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Value of research and development (R&D) investment in biotech industry in South Korea in 2024, by sector (in billion South Korean won)

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Sources

Release date

December 2025

Region

South Korea

Survey time period

2024

Supplementary notes

Figures have been rounded.

1,000 South Korean won equals 0.69 U.S. dollars or 0.58 euros as of February 2026.

Citation formats

R&D investment value in biotech industry in South Korea 2024, by sector

Published by
Conor Stewart,
Feb 13, 2026

In 2024, the largest amount of research and development (R&D) investment within the biotech industry in South Korea stood at around *** trillion South Korean won, and was allocated to the biopharmaceutical sector. This was most closely followed by the biochemical and bioenergy sector at about *** trillion won.

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Statistics on " Medical technology in South Korea "

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