January 21, 2016 10:36
Korea dominated Bloomberg's 2016 Innovation Index, topping a group of 50 countries.
Germany took second place while Japan, the U.S. and China trailed behind.
The index scored countries on factors like spending on research and development, manufacturing, number of high-tech companies, and tertiary education.
Korea "is proof that countries can lift themselves up by their bootstraps through a combination of government support and private enterprise... Research-intensive companies, led by Samsung, have modernized the whole economy," it said.
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