This paper reviews the development of South Korea’s national research and development (R&D) in graphene technology, focusing on projects that have been classified as “green” technology. A total of 826 projects (USD 210 billion) from 2010 to 2019 were collected from the National Science and Technology Information Service (NTIS), which is full-cycle national R&D project management system in South Korea. Then we analyzed its R&D trend by conducting diverse text mining methods including frequency analysis, association rule mining, and topic modeling. The analysis suggests that the number of graphene green technology (GT) R&D projects and the research expenses will show a rising curve again in the incumbent government along with the implementation of the Korean New Deal policy, which integrates the Green New Deal and the Digital New Deal.