Leads IT·Manufacturing … Environment·Corporate Innovation Still
Institute for International Trade of KITA issued statistics titled ‘Korea in
the World’ -
Korea maintained its leading position in the fields of information
communication and manufacturing, and its national competitiveness, including
globalization and transparency index were partly improved. However, it appeared
that environmental indicators and corporate innovation capacity were still
to a report titled ‘2018 Korea in the World’, released by the Institute for
International Trade (President, Shin Seung-kwan) on October 15, Korea is still
in the upper ranks in information and communication sector. Korea ranked second
in the ICT development index (in 2017), first in the Internet speed (in 2017),
and third in the e-government index (in 2018). In addition, Korea’s national
competitiveness index has significantly improved as ‘the attitude toward
globalization’ jumped 9 notches to 22nd place, the transparency index elevated
11 spots to 35th place, and the international competitiveness index of the
International Institute for Management Development (IMD) moved up 2 places to
manufacturing-related indexes ranked the highest in the world, including No.1
in semiconductor sales (in 2017), No.1 in mobile phone shipments (in 2017),
No.6 in crude steel production (in 2017), No. 7 in global brand value (2018),
and No. 7 in the number of companies in the list of 'Fortune' Global 500 (in
2018). The rankings were high in automobile production (6th place in 2017), and
shipbuilding (2nd place in 2017), but the vehicle production volume decreased
from 4,229,000 in 2016 to 4,115,000 and shipbuilding volume declined from
11,584,000 CGT (Compensated Gross Tonnage) to 10,119,000 CGT.
indicators of Korea did not even reach the average level of advanced countries.
Korea took 9th place in 'Environmental Pollution Impact', which indexes the
degree of environmental pollution affecting the economy. If a country ranks in
high places, it means that its economy is affected by environmental pollution.
Korea was also ranked 41st place out of 124 countries in air
pollution (28.7 mg/m³ in 2015).
corporate innovation sector ranked 29th place and 31st
place in the industry-university cooperation index and the corporate innovation
competency index, respectively. Those ranks were down from 27th and
19th places five years ago. This means that corporate innovation
capacity to transfer knowledge between industry and academia and to develop new
products and services is still lacking.
year, the Institute for International Trade of the Korea International Trade
Association issues the statistics titled ‘Korea in the World’, the rankings of
some 170 countries based on economics, trade and social indexes. More details
are available at the Institute for International Trade (http://iit.kita.net).