KPI |
2023 - Korea, Rep. |
Weight |
Best |
Worst |
Aspirational value |
Current Value |
Institutional environment
Rank 19 / Score 73.89 |
Operational stability for businesses |
Initial Value: 0.5
|
4.00 |
0.40 |
Worst: Lebanon 4.00 Best: Singapore 0.40
72.22% |
1.4Value: 1.4
|
Government effectiveness |
Initial Value: 1
|
2.29 |
-1.33 |
Worst: Burundi -1.33 Best: Singapore 2.29
75.59% |
1.41Value: 1.4062123
|
Regulatory environment
Rank 53 / Score 66.63 |
Regulatory quality |
Initial Value: 0.5
|
2.23 |
-1.62 |
Worst: Iran, Islamic Rep. -1.62 Best: Singapore 2.23
70.64% |
1.1Value: 1.0995256
|
Rule of law |
Initial Value: 0.5
|
2.06 |
-1.36 |
Worst: Nicaragua -1.36 Best: Finland 2.06
72.71% |
1.13Value: 1.1266658
|
Cost of redundancy dismissal |
Initial Value: 1
|
58.50 |
8.00 |
Worst: Sri Lanka 58.50 Best: Austria 8.00
61.59% |
27.4Value: 27.396824
|
Business Environment
Rank 34 / Score 59.52 |
Policies for doing business |
Initial Value: 1
|
6.42 |
1.67 |
Worst: Argentina 1.67 Best: Switzerland 6.42
51.95% |
4.14Value: 4.1375
|
Entrepreneurship policies and culture |
Initial Value: 1
|
6.72 |
3.22 |
Worst: Mozambique 3.22 Best: United Arab Emirates 6.72
67.01% |
5.57Value: 5.5652350088
|
Education
Rank 12 / Score 67.33 |
Expenditure on education |
Initial Value: 1
|
9.52 |
1.67 |
Worst: Cambodia 1.67 Best: Namibia 9.52
38.4% |
4.68Value: 4.6846599579
|
Government funding per secondary student |
Initial Value: 1
|
51.06 |
5.41 |
Worst: Guatemala 5.41 Best: Tunisia 51.06
67.59% |
36.27Value: 36.26638031
|
School life expectancy |
Initial Value: 1
|
21.05 |
6.41 |
Worst: Niger 6.41 Best: Australia 21.05
69.41% |
16.57Value: 16.571229935
|
PISA scales in reading, math and science |
Initial Value: 0.5
|
579.03 |
334.12 |
Worst: Dominican Republic 334.12 Best: China 579.03
75.76% |
519.66Value: 519.66418147
|
Pupil-teacher ratio, secondary |
Initial Value: 0.5
|
45.18 |
6.11 |
Worst: Mozambique 45.18 Best: Croatia 6.11
85.51% |
11.77Value: 11.771836133
|
Tertiary Education
Rank 17 / Score 46.04 |
Tertiary enrolment |
Initial Value: 1
|
150.88 |
4.37 |
Worst: Niger 4.37 Best: Greece 150.88
66.96% |
102.47Value: 102.46736145
|
Graduates in Science and engineering |
Initial Value: 1
|
43.53 |
8.92 |
Worst: Namibia 8.92 Best: Malaysia 43.53
61.43% |
30.18Value: 30.182612239
|
Tertiary inbound mobility |
Initial Value: 0.5
|
70.27 |
0.10 |
Worst: Indonesia 0.10 Best: United Arab Emirates 70.27
5.17% |
3.73Value: 3.7261199951
|
Research and Development
Rank 1 / Score 87.31 |
Researchers FTE |
Initial Value: 1
|
9640.25 |
13.92 |
Worst: Guatemala 13.92 Best: Sweden 9640.25
94.36% |
9097.07Value: 9097.0744077
|
Gross expenditure on R&D (GERD) |
Initial Value: 1
|
5.56 |
0.01 |
Worst: Mauritania 0.01 Best: Israel 5.56
88.65% |
4.93Value: 4.9301208763
|
Global RnD companies, average expenditure, top 3 |
Initial Value: 1
|
28099.99 |
0.00 |
Worst: Albania 0.00 Best: United States 28099.99
31.67% |
8900.47Value: 8900.4674666
|
QS university ranking average score of top 3 universities |
Initial Value: 1
|
98.70 |
0.00 |
Worst: Albania 0.00 Best: United States 98.70
77.41% |
76.4Value: 76.4
|
ICTs
Rank 1 / Score 95.69 |
ICT access |
Initial Value: 1
|
9.98 |
3.39 |
Worst: Niger 3.39 Best: Singapore 9.98
92.4% |
9.48Value: 9.4793817456
|
ICT use |
Initial Value: 1
|
8.89 |
0.48 |
Worst: Burundi 0.48 Best: Switzerland 8.89
98.09% |
8.73Value: 8.7295848305
|
Government online service |
Initial Value: 1
|
1.00 |
0.10 |
Worst: Mauritania 0.10 Best: Estonia 1.00
98.07% |
0.98Value: 0.9826
|
online e-participation |
Initial Value: 1
|
1.00 |
0.02 |
Worst: Mauritania 0.02 Best: Japan 1.00
94.2% |
0.94Value: 0.9432
|
General Infrastructure
Rank 10 / Score 56.5 |
Electricity output |
Initial Value: 0.5
|
52600.54 |
26.44 |
Worst: Niger 26.44 Best: Iceland 52600.54
22.01% |
11597.63Value: 11597.62858
|
Logistics performance |
Initial Value: 0.5
|
4.30 |
2.10 |
Worst: Angola 2.10 Best: Singapore 4.30
77.27% |
3.8Value: 3.8
|
Gross capital formation |
Initial Value: 1
|
73.06 |
11.85 |
Worst: Egypt 11.85 Best: Mozambique 73.06
33.12% |
32.12Value: 32.125
|
Ecological sustainability
Rank 55 / Score 29.68 |
GDP per unit of energy use |
Initial Value: 1
|
36.34 |
2.16 |
Worst: Trinidad and Tobago 2.16 Best: Ireland 36.34
16.16% |
7.68Value: 7.682
|
Environmental performance |
Initial Value: 1
|
77.90 |
18.90 |
Worst: India 18.90 Best: Denmark 77.90
47.46% |
46.9Value: 46.9
|
ISO 14001 environmental certificates |
Initial Value: 1
|
12.73 |
0.06 |
Worst: Ethiopia 0.06 Best: Bulgaria 12.73
25.46% |
3.29Value: 3.2862836986
|
Credit
Rank 11 / Score 64.65 |
Finance for startups and scaleups |
Initial Value: 1
|
6.90 |
2.23 |
Worst: Mozambique 2.23 Best: Finland 6.90
66.68% |
5.34Value: 5.3438888889
|
Domestic credit to private sector |
Initial Value: 1
|
258.91 |
5.42 |
Worst: Zimbabwe 5.42 Best: Hong Kong SAR 258.91
62.61% |
164.14Value: 164.13617351
|
Loans from microfinance institutions, % GDP |
Initial Value: 1
|
28.71 |
0.00 |
Worst: Iceland 0.00 Best: Cambodia 28.71
0% |
N/AValue: N/A
|
Investment
Rank 42 / Score 17.45 |
Venture capital received, value, % GDP |
Initial Value: 1
|
0.02 |
0.00 |
Worst: Burkina Faso 0.00 Best: Estonia 0.02
7.17% |
0Value: 0.0014332995961
|
Market capitalization |
Initial Value: 1
|
1394.19 |
0.23 |
Worst: Algeria 0.23 Best: Hong Kong SAR 1394.19
7.26% |
101.41Value: 101.40704638
|
Venture capital investors, deals |
Initial Value: 1
|
2.20 |
0.00 |
Worst: Kazakhstan 0.00 Best: Mauritius 2.20
5.45% |
0.12Value: 0.12000575352
|
Venture capital recipients, deals |
Initial Value: 1
|
0.90 |
0.00 |
Worst: Algeria 0.00 Best: Singapore 0.90
3.36% |
0.03Value: 0.030264786203
|
Trade, competition, and market scale
Rank 16 / Score 73.92 |
Applied tariff rate, weighted average |
Initial Value: 0.5
|
15.46 |
0.00 |
Worst: Cameroon 15.46 Best: Hong Kong SAR 0.00
64.55% |
5.48Value: 5.48
|
Domestic industry diversification |
Initial Value: 1
|
0.80 |
0.08 |
Worst: Burundi 0.80 Best: Portugal 0.08
97.77% |
0.1Value: 0.096090704
|
Domestic market scale |
Initial Value: 1
|
30074.38 |
4.82 |
Worst: Cape Verde 4.82 Best: China 30074.38
9.18% |
2765.83Value: 2765.83
|
Knowledge workers
Rank 3 / Score 75.14 |
Knowledge-intensive employment |
Initial Value: 1
|
64.13 |
2.75 |
Worst: Burundi 2.75 Best: Luxembourg 64.13
60.02% |
39.59Value: 39.587601425
|
Firms offering formal training |
Initial Value: 1
|
73.70 |
7.70 |
Worst: Indonesia 7.70 Best: Ecuador 73.70
|
n/aValue: n/a
|
GERD performed by business enterprise |
Initial Value: 1
|
5.06 |
0.00 |
Worst: Panama 0.00 Best: Israel 5.06
77.09% |
3.9Value: 3.9006258589
|
GERD financed by business enterprise |
Initial Value: 1
|
80.84 |
0.00 |
Worst: Brunei Darussalam 0.00 Best: Thailand 80.84
94.16% |
76.12Value: 76.116814785
|
Females employed with advanced degrees |
Initial Value: 0.5
|
30.79 |
0.15 |
Worst: Tanzania 0.15 Best: Lithuania 30.79
69.26% |
21.37Value: 21.370954649
|
Innovation linkage
Rank 19 / Score 51.95 |
University/industry research collaboration |
Initial Value: 0.5
|
5.63 |
2.25 |
Worst: Angola 2.25 Best: Israel 5.63
72.85% |
4.71Value: 4.71232
|
State of cluster development |
Initial Value: 1
|
5.56 |
2.72 |
Worst: Burkina Faso 2.72 Best: United States 5.56
70.35% |
4.72Value: 4.717943
|
GERD financed by abroad |
Initial Value: 1
|
2.86 |
0.00 |
Worst: Azerbaijan 0.00 Best: Israel 2.86
0.5% |
0.01Value: 0.014394031366
|
Joint venture/strategic alliance deals |
Initial Value: 1
|
0.34 |
0.00 |
Worst: Iran, Islamic Rep. 0.00 Best: Malta 0.34
11.95% |
0.04Value: 0.040642713229
|
Patent families filed in two offices |
Initial Value: 1
|
12.97 |
0.00 |
Worst: Angola 0.00 Best: Japan 12.97
96.44% |
12.51Value: 12.508308921
|
Knowledge absorption
Rank 11 / Score 55.55 |
Intellectual property payments |
Initial Value: 1
|
20.42 |
0.00 |
Worst: Armenia 0.00 Best: Ireland 20.42
7.83% |
1.6Value: 1.5999033143
|
High tech imports |
Initial Value: 1
|
59.14 |
1.69 |
Worst: Luxembourg 1.69 Best: Hong Kong SAR 59.14
27.05% |
17.23Value: 17.230564489
|
ICT services imports |
Initial Value: 0.5
|
13.89 |
0.02 |
Worst: Paraguay 0.02 Best: Cyprus 13.89
8.63% |
1.22Value: 1.2164354699
|
Foreign direct investment net inflows |
Initial Value: 0.5
|
60.98 |
-13.20 |
Worst: Netherlands -13.20 Best: Hungary 60.98
18.71% |
0.68Value: 0.6817373001
|
Research talent in business enterprise |
Initial Value: 1
|
82.94 |
0.30 |
Worst: Mozambique 0.30 Best: Korea, Rep. 82.94
100% |
82.94Value: 82.937304438
|
knowledge creation
Rank 5 / Score 66.13 |
Patent applications by origin |
Initial Value: 1
|
73.99 |
0.00 |
Worst: Honduras 0.00 Best: Korea, Rep. 73.99
100% |
73.99Value: 73.99104297
|
PCT applications by origin |
Initial Value: 0.5
|
8.24 |
0.00 |
Worst: Angola 0.00 Best: Japan 8.24
96.58% |
7.96Value: 7.9585398111
|
Utility models by origin |
Initial Value: 1
|
104.56 |
0.00 |
Worst: Benin 0.00 Best: China 104.56
1.38% |
1.45Value: 1.4468865124
|
Scientific and technical publications |
Initial Value: 1
|
50.79 |
0.58 |
Worst: Angola 0.58 Best: Iceland 50.79
47.58% |
24.47Value: 24.470015193
|
Citable documents H index |
Initial Value: 1
|
2898.00 |
43.00 |
Worst: Cape Verde 43.00 Best: United States 2898.00
29.28% |
879Value: 879
|
Knowledge Impact
Rank 22 / Score 45 |
Labor productivity growth |
Initial Value: 1
|
6.02 |
-4.86 |
Worst: Lebanon -4.86 Best: China 6.02
55.81% |
1.21Value: 1.2119308328
|
Unicorn valuation |
Initial Value: 1
|
23.84 |
0.00 |
Worst: Albania 0.00 Best: Estonia 23.84
7.61% |
1.82Value: 1.8153751227
|
Total computer software spending |
Initial Value: 1
|
1.05 |
0.01 |
Worst: Ethiopia 0.01 Best: United States 1.05
21.24% |
0.23Value: 0.23086585595
|
High-tech manufacturing |
Initial Value: 1
|
78.53 |
1.85 |
Worst: Kyrgyz Republic 1.85 Best: Singapore 78.53
70.83% |
56.16Value: 56.16089704
|
Knowledge diffusion
Rank 19 / Score 48.83 |
IP receipts |
Initial Value: 0.5
|
6.48 |
0.00 |
Worst: Armenia 0.00 Best: Netherlands 6.48
18.05% |
1.17Value: 1.1694936309
|
High Tech exports |
Initial Value: 1
|
44.66 |
0.01 |
Worst: Cape Verde 0.01 Best: Malaysia 44.66
62.38% |
27.86Value: 27.86271867
|
ICT services export |
Initial Value: 1
|
35.21 |
0.01 |
Worst: Benin 0.01 Best: Ireland 35.21
4.47% |
1.58Value: 1.583201302
|
ISO 9001 quality/bn PPP$ GDP |
Initial Value: 1
|
37.40 |
0.10 |
Worst: Tajikistan 0.10 Best: Bulgaria 37.40
18.61% |
7.04Value: 7.041355449
|
Production and export complexity |
Initial Value: 0.5
|
2.27 |
-2.51 |
Worst: Angola -2.51 Best: Japan 2.27
93.28% |
1.95Value: 1.948556
|
Intangible Assets
Rank 2 / Score 79.42 |
Intangible asset intensity, top 15, % |
Initial Value: 1
|
93.40 |
-181.36 |
Worst: Montenegro -181.36 Best: United States 93.40
89.07% |
63.36Value: 63.36227448
|
Trademark application class count by origin |
Initial Value: 1
|
445.16 |
1.43 |
Worst: Niger 1.43 Best: Mongolia 445.16
26.5% |
119.03Value: 119.03283463
|
Industrial design by origin |
Initial Value: 0.5
|
32.41 |
0.00 |
Worst: Brunei Darussalam 0.00 Best: Mongolia 32.41
75.06% |
24.33Value: 24.326524386
|
Global brand value, top 5,000 |
Initial Value: 1
|
27.56 |
0.00 |
Worst: Albania 0.00 Best: Hong Kong SAR 27.56
60.99% |
16.81Value: 16.808934837
|
Creative Goods
Rank 11 / Score 39.19 |
Cultural and creative services exports |
Initial Value: 0.5
|
14.25 |
0.00 |
Worst: Benin 0.00 Best: Malta 14.25
5.14% |
0.73Value: 0.73212315152
|
National feature films produced |
Initial Value: 0.5
|
37.91 |
0.05 |
Worst: Pakistan 0.05 Best: Iceland 37.91
13.1% |
5.01Value: 5.0092245496
|
Entertainment and media market |
Initial Value: 0.5
|
3.50 |
0.02 |
Worst: Pakistan 0.02 Best: United States 3.50
50.8% |
1.79Value: 1.7879521268
|
Creative goods exports |
Initial Value: 1
|
12.71 |
0.00 |
Worst: Mauritania 0.00 Best: Hong Kong SAR 12.71
39.55% |
5.03Value: 5.026622867
|
Online creativity
Rank 33 / Score 34.9 |
Generic TLD |
Initial Value: 1
|
423.69 |
0.05 |
Worst: Uzbekistan 0.05 Best: United States 423.69
5.85% |
24.83Value: 24.83264891
|
Country code TLD |
Initial Value: 1
|
2701.89 |
0.03 |
Worst: Ethiopia 0.03 Best: Montenegro 2701.89
1.01% |
27.23Value: 27.22539261
|
GitHub commits/mn pop. 15–69 |
Initial Value: 1
|
18874723.79 |
2364.30 |
Worst: Niger 2364.30 Best: Hong Kong SAR 18874723.79
14.06% |
2656192.31Value: 2656192.3119
|
Mobile apps creation |
Initial Value: 1
|
77113978.63 |
0.04 |
Worst: Madagascar 0.04 Best: Cyprus 77113978.63
1.42% |
1093384.64Value: 1093384.6402
|