Korea's Per Capita Income Not On Par With GDP S.Korea Ranks 26th in UN Quality-of-Life Index Korea Ranks 31st in World Competitiveness Korea's Ranking in World Economy Tumbling Korea's Brand Value Tumbles

In the IMD World Competitiveness Yearbook 2008, published by the International Institute of Management Development in Switzerland, Korea is ranked a poor 53rd among 55 nations in terms of university education meeting the needs of a competitive economy, one of the indices that indicate quality levels.

In contrast, the country ranked fourth in the percentage of population that has attained at least tertiary education for people aged 25-34. That brought Korea's overall ranking in education competitiveness to 35th among the countries surveyed, down six notches from 29th in 2007. The country's ranking in education competitiveness has been yoyo-ing from 44th among 60 in 2004 to 40th in 2005, to 42nd among 61 in 2006 and 29th of 55 in 2007.

Competitiveness rankings were given according to compatibility with a competitive society, qualified engineers available in the labor market, and knowledge transfer between companies and universities.

Korea ranked a high fifth in scientific infrastructure, up two notches from last year, and top in patent productivity, a gauge of patents granted to residents or research and development personnel in business, fourth in business expenditure on R&D, and fifth in total expenditure on R&D out of GDP.

The country came 14th in technological infrastructure, down eight notches from 2007, due in large part to lack of sufficient technological regulations and cyber security. Korea ranked the lowest among 55 nations in the IMD survey on whether technological regulation supports business development and innovation.

(englishnews@chosun.com )