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South Korea ranked 26 in the global competitiveness ranking
South Korea’s national competitiveness dropped one position and fell to 26-th place this year, according to a report on the global competitiveness of the World Economic Forum.
South Korea occupied the highest 11 place in 2007, and the lowest 29 in 2004. Among the factors of competitiveness, the country's rating in efficiency fell from 23 to 25, and the rating in innovation dropped from 20 place to 22, IA Ruskor reports.
"Massive personal information leaks, missile launches by North Korea and the tragedy of the Sewol ferry had a negative impact on the research that was conducted from February to April," said a finance ministry official.
Switzerland retained the highest positions in global competitiveness this year. It is followed by Singapore, the USA, Finland, Germany and Japan, the report says.