including the Korea Joongang Daily, Korea this year topped the rankings,outperforming the United States, Japan, European Union and Canada.
The two charts above (click to see a full size version), from the Innovation Union Scoreboard 2014 shows the top ten ranking nations on the EU's index (on the left) and their growth rates (on the right). Korea not only ranks number one on the index, slightly ahead of the U.S. and Japan, but also leads in the measure of growth rate. (the full EU report can be downloaded here.)
This new report will no doubt be welcomed by many here in Korea, both in the private sector and government, given the centrality of innovation to the overall goal of the Park Geun-hye administration to develop a "creative economy." However, it should be kept in mind that this is only one of several international measures of innovation and its primary value may lie in what it says about how the European countries view Korea.