Science, education and high-tech as points of common interest for Russia and the Republic of Korea

... the main competitor is China. Although investments in R&D in China constitute 1.77% of GDP, while in ROK the relevant share is 3.74% (2012 data), the average rate of spending increases in this field over the last 15 years was 7.8% in China and 3.3% in South Korea [3] . In 2010, total investments in R&D in China reached US$104 bln, which is three times higher than in ROK. The rate of spending increases in China from 1995 to 2010 was 24% at average, which once again was three times higher than in the ...