Majority of Global indexes show innovation is diffusing all over the world, from Europe and US towards Asia,

South Korea is still the world’s most innovative economy ,South Korea topped the 2017 Bloomberg Innovation Index list for the second year in a row, followed by Sweden, Germany, Switzerland, Finland, Singapore, Japan, Denmark, the United States and Israel.

South Korea with a score of 89.00 topped the world in R&D intensity, manufacturing value-added (the net output of the manufacturing sector) – as a percentage of GDP and per capita – and patent activity or the number of resident patent filings per million population and filings per $100 billion GDP. It ranked in the top five in high-tech density– the number of domestically domiciled hi-tech public companies – , tertiary efficiency or the total enrollment in tertiary education  and research concentration. However, its  dismal 32nd rank  in productivity among all innovative economies, has narrowed its lead.