Korea No. 2 in global innovation index

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.

For full article, see Korea Herald.

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One thought on “Korea No. 2 in global innovation index

  1. NomTri.fr February 6, 2013 / 4:39 pm

    South Korea is amonst the few countries with a narrow gap between Innovation input and Innovation output (as per INSEAD Global Innovation Index definition). Korean “brain juice” serves Korea first.

    One illustration, on patents, is that Koreans apply for patents in Korea. Reversely some other countries, such as Poland, are bleeding human resources : Polish people apply for patents in the US, in Germany.

    For the link to the INSEAD study and our comments on the Innovation GAP:
    http://namesorts.com/2013/02/04/about-travelling-ideas-and-the-global-innovation-gap/

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