R&D investments made by cloud industry South Korea 2017-2023

Published by
Jang Seob Yoon,
Apr 30, 2025

In 2023, approximately 417.72 billion South Korean won was invested in research and development (R&D) by cloud service companies in South Korea. Domestic cloud companies are classified according to the type of service they provide, and the overall number of such companies has continued to increase over the years.

Research and development (R&D) investments made by the cloud industry in South Korea from 2017 to 2023 (in billion South Korean won)

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Release date

March 2025

Region

South Korea

Survey time period

2017 to 2023

Supplementary notes

Due to annual corrections and re-organizations, values prior to 2021 are of limited comparability.

Figures have been rounded.

1,000 South Korean won equals 0.68 U.S. dollars or 0.63 euros as of April 2025. 

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