Korea
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Country starter pack<br />
Getting started in <strong>Korea</strong><br />
29<br />
Rank out of<br />
144 countries.<br />
1 being the most<br />
competitive.<br />
17 th 23 rd 14 th<br />
Remarkable capacity for innovation<br />
and extensive government support<br />
for research and development across<br />
various industries.<br />
26 th<br />
1<br />
2 3<br />
After exiting the top 20 in 2013,<br />
<strong>Korea</strong> (26th) dropped one more<br />
position for competitiveness in 2014.<br />
7 th 97 th<br />
<strong>Korea</strong> possesses a remarkably sound<br />
macroeconomic environment (second<br />
only to Norway among OECD<br />
countries).<br />
With a strong national focus on<br />
research and development, <strong>Korea</strong><br />
ranks highly on higher education and<br />
training with one of the leading rates<br />
of tertiary and primary education<br />
enrolment in the world and extensive<br />
availability of research and training<br />
services.<br />
The country boasts excellent<br />
infrastructure (14th), particularly with<br />
roads, rail, ports, telecommunications<br />
and airports.<br />
25 th<br />
27 th 68 th<br />
Relatively strong business<br />
sophistication consisting of strong<br />
local supplier quantity and quality, as<br />
well as advance production processes<br />
and good value chain breadth.<br />
High degree of technological<br />
readiness with <strong>Korea</strong> having some<br />
of the world’s highest rankings for<br />
broadband subscriptions including<br />
fixed and mobile.<br />
<strong>Korea</strong> is ranked 68th for intellectual<br />
property (IP) protection with the<br />
“first to file” regulation not ideal for<br />
some foreign companies.<br />
80 th<br />
Although up one from the<br />
previous year to 80, <strong>Korea</strong>’s financial<br />
market development ranking is<br />
hindered by low standings for ease<br />
of access to loans and availability of<br />
financial services.<br />
91 st<br />
The ratio of women in the labour<br />
force compared to men is one of the<br />
lowest in the OECD group<br />
of countries.<br />
The <strong>Korea</strong>n public’s trust in<br />
politicians and government officials<br />
is not as high as some other countries<br />
in the region. This relates to recent<br />
public attention highlighting concerns<br />
of transparency among various<br />
government levels.