September 28, 2011 10:36
The competitiveness of Korea's IT industry fell for the fourth straight year, according to the 2011 IT Industry Competitiveness Index report compiled by the Economist Intelligence Unit. Korea ranked 19th in the world with 60.8 points.
Korea occupied 3rd place in the same survey in 2007 but plunged to 8th in 2008 and to 16th in 2009. The report was not published last year.
The U.S. took the top spot this year, followed by Finland and Singapore. Several countries in the Asia-Pacific region performed better than Korea, with Australia in 8th place, Taiwan in 13th, Japan in 16th, and New Zealand in 18th, but China ranked lower in 38th.
The report scored nations in six categories: overall business environment, IT infrastructure, human capital, research and development, legal environment, and public support for industry development.
Korea's fall can be largely attributable to its weakened position in the R&D category. It tumbled four notches to No. 12 this year as the number of applications for IT patents decreased.
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