COUNTRY PROFILE. Korea Republic

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1 COUNTRY PROFILE Korea Republic

2 Statistical tables Factor I: Economic Performance WORLD COMPETITIVENESS RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 1

3 COMPETITIVENESS TRENDS - OVERALL KOREA REP. OVERALL PERFORMANCE (63 countries) CHALLENGES IN 2018 Manage Manage international international and and domestic domestic tensions tensions from from the the DPRK's DPRK's nuclear and missile development. Create quality jobs especially for youngsters. Accelerate structural reform in corporate and labor markets. Strengthen inclusiveness among economic agencies. Consolidate economic resilience from external shocks. Provided Korea Institute by: for International Economic Policy (KIEP) Korea Institute for International Economic Policy (KIEP) 27 BASIC FACTS Rank Capital Land area (square km '000) Seoul Exchange Rate (per $) Population - market size (millions) Gross Domestic Product (GDP) (US$ billions) 1, GDP (PPP) per capita (US$) 39, Real GDP growth (%) Consumer price inflation (%) Unemployment rate (%) Labor force (millions) Current account balance (% of GDP) Direct investment stocks inward ($bn) Direct investment flows inward (% of GDP) COMPETITIVENESS LANDSCAPE Economic Performance Government Efficiency Business Efficiency Infrastructure Domestic Economy International Trade International Investment Employment Prices Public Finance Tax Policy Institutional Framework Business Legislation Societal Framework Productivity & Efficiency Labor Market Finance Management Practices Attitudes and Values Basic Infrastructure Technological Infrastructure Scientific Infrastructure Health and Environment Education PEER GROUPS RANKINGS ASIA - PACIFIC ( countries) POPULATIONS > 20 MILLION (29 countries)

4 COMPETITIVENESS TRENDS - FACTOR BREAKDOWN KOREA REP. ECONOMIC PERFORMANCE Sub-Factor Rankings : 2017 Domestic Economy 17 International Trade 35 International Investment 40 Employment 7 Prices GOVERNMENT EFFICIENCY Sub-Factor Rankings : 2017 Public Finance 19 Tax Policy 15 Institutional Framework 29 Business Legislation 48 Societal Framework BUSINESS EFFICIENCY Sub-Factor Rankings : 2017 Productivity & Efficiency 35 Labor Market 52 Finance 35 Management Practices 59 Attitudes and Values INFRASTRUCTURE Sub-Factor Rankings : 2017 Basic Infrastructure 27 Technological Infrastructure 17 Scientific Infrastructure 8 Health and Environment 35 Education

5 WORLD COMPETITIVENESS DIGITAL RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 4

6 DIGITAL TRENDS - OVERALL KOREA REP. OVERALL PERFORMANCE (63 countries) Overall Alpha Alpha Factors Beta BetaLabel Gamma GammaLab Sub-Factors Knowledge Talent Training & education Scientific concentration Technology Regulatory framework Capital Technological framework The direction of the triangle indicates the performance change from the last year: improved or stable declined Future readiness Adaptive attitudes Business agility IT integration OVERALL & FACTORS - 5 years OVERALL Knowledge Technology Future readiness COMPETITIVENESS & DIGITAL RANKINGS Digital Competitiveness N.B. This graph provides only a comparison of the country s performance in the two rankings PEER GROUPS RANKINGS ASIA - PACIFIC ( countries) POPULATIONS > 20 MILLION (29 countries)

7 u Overall top strengths w Overall top weaknesses FACTORS BREAKDOWN - STRENGHTS AND WEAKNESSES KOREA REP. KNOWLEDGE Subfactors Talent Training & education Scientific concentration Talent Rank Rank Rank Training & education Scientific concentration Educational assessment PISA - Math 6 Employee training 35 u Total expenditure on R&D (%) 2 International experience 45 Total public expenditure on education 27 Total R&D personnel per capita 8 Foreign highly-skilled personnel 49 u Higher education achievement 3 w Female researchers 52 Management of cities 19 Pupil-teacher ratio (tertiary education) 29 R&D productivity by publication 23 Digital/Technological skills 26 Graduates in Sciences 9 Scientific and technical employment 29 Net flow of international students 49 Women with degrees 19 High-tech patent grants 5 TECHNOLOGY Subfactors Regulatory framework Capital Technological framework Regulatory framework Rank Capital Rank Technological framework Rank Starting a business 7 IT & media stock market capitalization 16 Communications technology u Enforcing contracts 1 Funding for technological development 46 Mobile Broadband subscribers 5 w Immigration laws 55 w Banking and financial services 54 Wireless broadband 13 w Development and app. of technology 52 Investment risk 22 Internet users 16 Scientific research legislation 37 w Venture capital 53 u Internet bandwidth speed 1 Intellectual property rights 39 Investment in Telecommunications 47 High-tech exports (%) 9 FUTURE READINESS Subfactors Adaptive attitudes Business agility IT integration Adaptive attitudes Rank Business agility Rank IT integration Rank E-Participation 4 Opportunities and threats 52 u E-Government 3 Internet retailing 4 Innovative firms 34 Public-private partnerships 37 Tablet possession 12 Agility of companies 45 Cyber security 24 Smartphone possession 13 Use of big data and analytics 31 Sofware piracy 24 Attitudes toward globalization 22 Knowledge transfer 29 6

8 IMD is ranked in open programs worldwide 7 years in a row. Financial Times Developing leaders Transforming organizations Impacting your future IMD Switzerland Chemin de Bellerive 23 P.O. Box 915 CH-1001 Lausanne Switzerland Central tel: IMD Singapore IMD SE Asia Pte. Ltd South Beach Tower 38 Beach Road #17-11 Singapore Central tel: Connect with us Talk with us info@imd.org IMD, IMD INTERNATIONAL REAL WORLD. REAL LEARNING, IMD BUSINESS SCHOOL and IMD WORLD COMPETITIVENESS YEARBOOK are trademarks of IMD International Institute for Management Development. IMD 2017

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