China snaps at heels of S. Korea in science, technology: think tank

Chinese products have been shedding their image of being cheaply made with poor technology. China has already outpaced South Korea in terms of science and technology, which determine the overall quality of products manufactured in a nation, according to an analysis by a local think tank.

“China has rapidly gained scientific technological competitiveness enough to overwhelm Korea in absolute terms,” said a researcher at Hyundai Research Institute (HRI) in the report released Sunday. China’s investment in research and development (R&D) totaled $104.3 billion in 2010, triple that of Korea ($38.0 billion). China’s investment in R&D has soared 24 percent on average per year, a pace three times faster than that of Korea.

China submitted 390,000 patent applications, twice 170,000 applications of Korea, and academic papers listed on the Science Citation Index (SCI) numbered 140,000 articles, four times 40,000 of Korea. China had a total of 1.21 million researchers, fivefold 260,000 of Korea.

For full article see Maeil Business.

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One thought on “China snaps at heels of S. Korea in science, technology: think tank

  1. NomTri.fr February 17, 2013 / 2:47 am

    Interesting the level of variance seen in Global Innovation Rankings : only recently Bloomberg Bloomberg published its own, and the findings are extremely different from ISEAD/WIPO’s Global Innovation Index (GII). Now yours.

    In your article you focus on the number of patents, which is just one (very important) aspect of innovation. The ability of a country to retain its inventors, to effectively use their “brain juice” is another indicator which should be closely monitored. South Korea, as well as Japan, seems to excel at resisting external “brain drain” – a comparison in two pictures here :

    http://namesorts.com/2013/02/09/about-travelling-ideas-and-the-global-innovation-gap-south-korea/

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