Korea’s innovation index fell from 6th to 10th in the world. Korea’s performance in the seven major indicators that rank each country’s innovation index was mostly unchanged or decreased compared to the previous year, and major individual indicators recorded low rankings.
Clouds hang over an urban landscape dense with buildings such as corporations and banks in Namsan, Seoul. yunhap news
According to the ‘2023 Global Innovation Index (GII) Analysis’ recently published by the Korea Institute of Science and Technology Evaluation and Planning (KISTEP) Innovation Information Analysis Center on the 31st, Korea’s innovation index this year fell four levels from 6th to 10th in 2022. ‘2023 World Innovation Index Analysis’ is an analysis of the ‘World Innovation Index 2023’ evaluated by the World Intellectual Property Organization (WIPO). As the ranking, which had been steadily rising from 2018 to 2021, slowed down, the country lost its first place in Asia to Singapore, which rose to 5th in the world.
The World Innovation Index integrates and evaluates 7 sectors, 21 items, and 80 individual indicators related to innovation input and innovation output. In Korea, among the seven sectors, all items except infrastructure were at similar levels or decreased compared to last year. Of the 21 items, regulatory environment and ecological sustainability ranked low at 53rd and 55th, respectively. As for individual indicators, layoff costs, net inflow of foreign direct investment relative to GDP, and implementation tariff rate were found to be indicators of weakness.
Layoff costs ranked 111th, net inflow of foreign direct investment relative to GDP ranked 106th, and implementation tariff rate ranked 94th.
Korea’s ranking trends in the seven major categories of the World Innovation Index over the past five years (2019-2023). Capture of ‘2023 Global Innovation Index (GII) Analysis’
Commenting on these results, Han Hyeok, an associate researcher at the Innovation Information Analysis Center at the Korea Institute of Science and Technology Evaluation and Planning (KISTEP), said, “Among the seven sectors that make up the innovation index, the level of most sectors fell except for the increase in the infrastructure sector, resulting in a decrease in the overall ranking.” did. He added, “Among the sectors that declined, the largest decline was in the institutional sector that evaluates the political environment, regulatory environment, and business environment.”
Although Korea’s comprehensive innovation index fell, it ranked high in some detailed categories. In particular, among the seven categories, it achieved first place in the human resources and research categories for five consecutive years. Among the 21 items, research and development and information and communication technology ranked first.
Status of the top 20 countries in the 2023 World Innovation Index composite index. Capture of ‘2023 Global Innovation Index (GII) Analysis’
The top ranks of the 2023 Global Innovation Index were occupied by Switzerland, Sweden, the United States, the United Kingdom, and Singapore. Switzerland maintained first place from 2011 to this year, and Sweden rose one place. The United States fell one place to third place, and the United Kingdom maintained its fourth place last year. Korea ranked 6th, following Singapore in 5th place among Asian countries. Next, China and Japan ranked 12th and 13th, respectively.
#단독 #Koreas #Innovation #Index #fell #levels.. #6th #place #world #10th #place
2023-10-31 00:09:43
