5

0

Current Events

South Korea ranks #1 for innovation, U.S. drops out of the top 10 list for the first time in 6 years

Posted by yckim124767 pts Tuesday, January 23, 2018
Buzz
South Korea topped the rankings for the 'Fifty Most Innovative Economies' once again. 


The list is compiled by Bloomberg and uses the combined factors of R&D intensity, Manufacturing added-value, Productivity, High-tech density, Tertiary efficiency, Researcher concentration, and Patent activity.


SEE ALSO: 5 Korean Comfort Foods to Warm you up on a Rainy Day



The 2018 Bloomberg Innovation Index shows that South Korea has kept its #1 spot from last year. This marks the nation's 5th consecutive year on top. Meanwhile, the United States has been bumped down to #11 - it's the first time in 6 years that the U.S. has ranked out of the top 10. 


South Korea's most-valuable company, Samsung Electronics Co., has once again played a vital role in the nation's economy and place on the innovation index. 


The full list of 'Fifty Most Innovative Economies' can be found below. 







  1. Buzz
0 21,170 Share 100% Upvoted

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
Jisoo
AB6IX
misc.
Lee Jung Jae
misc.
Na-Eun
Rowoon
i-dle, LIGHTSUM, misc., NOWZ, Pentagon
Kang Daniel
KiiiKiii
BLACKPINK, Jennie, Jisoo, Rosé, Lisa
KiiiKiii
Jisoo
Lee Jung Jae
IVE, Wonyoung
New Message

SEND