The Korea Herald

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Korea retains 26th rank in global competitiveness: WEF

By 박윤아

Published : Sept. 28, 2016 - 09:56

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[THE INVESTOR] South Korea retained last year’s 26th rank out of 138 countries surveyed on global competitiveness in 2016, according to the World Economic Forum on Sept. 28.

The ranking in the macroeconomic conditions improved to third from fifth, and that in infrastructure also bumped up to 10th from 13th, the report showed.

However, in the health and primary education part, it lost six grades to finish 29th, and the ranking in the higher education and training part also dropped to 25th from 23rd.

South Korea peaked at 13th in 2008, but its ranking kept declining to 26th except in 2012 when it rose to 19th.

The country’s ranking in terms of basic requirements dropped one notch to 19th, while its efficiency fell to 26th and its ranking of innovation and maturity remained at 22nd, the report showed.

(theinvestor@heraldcorp.com)