Korea Slides to 2nd in Innovation Rankings

      January 20, 2020 12:28

      Korea has slid to second in Bloomberg's annual Innovation Index for the first time in six years, pushed out of first place by Germany.

      Korea came second on a list of 60 countries ranked by the news agency with 88.16 points, but it said Korea's "narrow loss is hardly a reason to anticipate a crumbling in its innovative prowess."

      Bloomberg evaluates countries based on "dozens of criteria using seven metrics including research and development spending, manufacturing capability and concentration of high-tech public companies," it said.

      Singapore, Switzerland, and Sweden finished third through fifth. The U.S. ranked ninth, Japan 12th, and China 15th.

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