South Korea ranked the second-most innovative country in the world, moving up one notch from last year’s ranking, data showed on Tuesday. According to data complied by financial news and data provider Bloomberg, Korea ranked No. 2 behind the United States, which topped the list by climbing six notches from last year. The research indicated progress in Korea’s innovation-related sector as it rose one slot in rankings from last year’s No. 3 spot.
Bloomberg gathered data from 200 countries and graded them on seven measures: R&D intensity, research and development as a percentage of gross domestic product, productivity, high-tech density, researcher concentration, manufacturing capability, tertiary efficiency and patent activity.
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