This week in world in brief: South Korea government eyes R&D top spot; Australian universities ‘boom’ is over; QS amends university rankings; Long march for China satellite.
South Korea government eyes R&D top spot
Total South Korean spending on R&D as a percentage of GDP was the third highest in the world last year, the country’s National Science and Technology Commission announced on 13 September. South Korea spent 3.74 per cent of its GDP on R&D in 2010, up 0.18 percentage points on 2009, the government claims. South Korea’s private sector contributed 72 per cent of total R&D expenditure last year, spending in excess of 32 trillion won. The latest OECD assessment of South Korea puts its R&D spending in 2009 at 3.4 per cent of GDP.
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