Korea is the current world champion of R&D spending - Quartz
▻http://qz.com/223543/korea-is-the-current-world-champion-of-rd-spending
In 2012, Korea spent 4.4% of GDP on research and development. That’s the highest among the developed nations tracked by OECD (...) Private-sector R&D spending is up 35% between 2008 and 2011, and has more than doubled since 2003.
(...) There’s a fairly simple reason for Korea’s hypertrophied business R&D: Although much of this growth has been in the private sector, it’s heavily government-subsidized.
(...) R&D tax credits favor large companies that pay higher rates of corporate tax.
