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Innovation & Highly Skilled Workforce

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The Most Innovative Country in Asia

Korea is an innovative country, ranked 1st in the “2021 Bloomberg Innovation Index”.
The country is among the top 5 in the categories of R&D Intensity, Manufacturing Value-added, High-tech Density, Researcher Concentration, and Patent Activity. Its infrastructure for innovation is a primary reason that a number of global companies have been investing in Korea.
Please refer to the information below Please refer to the information below
a seven-year winning streak in the Bloomberg Innovation Index within Asia
  • Manufacturing Value-added 3rd in the world
  • R&D Intensity 2nd in the world
  • High-tech Density 4rd in the world
  • Researcher Concentration 5th in the world
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※ Source: Bloomberg (January 2021)

High-quality Workforce with the DNA of Innovation

Supporting Korea’s rapid economic growth in the last half-century are characteristics prominent in the county, such as sincerity, responsibility, and flexibility.
Korea’s youth college education completion rate is the highest among OECD member countries.
People are the most important resource in Korea, and they are what keep innovation alive in the country.
Top 5 Countries with the Highest Number of College Graduates Aged 25 to 34
S. Korea , Ireland (70%), CANADA (63%), JAPAN (62%), Lithuania, Luxembourg (55%), Swiss (53%) S. Korea , Ireland (70%), CANADA (63%), JAPAN (62%), Lithuania, Luxembourg (55%), Swiss (53%) Large view of images
※ Source: OECD <Education at a Glance 2020> (September 8, 2020)