IMD World Talent Report 2023
Talent Ranking 2023
KOREA REP.
u w
Overall top strengths Overall top weaknesses
OVERALL PERFORMANCE (64 countries)
Rank 2023
2019
2020
2021
2022
2023
19
Overall
34
22
31 28 29
28
Investment & Development
22
31
33 34
34 36
34 35
36
43
38
Appeal
41
41
43
35
Readiness
49
Investment & Development Total public expenditure on education
Value 5.2 %
2023 Rank
26 24 41 34 18 23 43 14 53 14 58 36 42 47 15 35 43 53 14 27 41 51 51 55 39 49 49 42 40 9
Percentage of GDP Total public exp. on education per student Spending per enrolled pupil/student, all levels Pupil-teacher ratio (primary education) Ratio of students to teaching staff Pupil-teacher ratio (secondary education) Ratio of students to teaching staff
8,953 US$ 16.11 ratio 11.92 ratio
5.85 Survey [0..10] 6.57 Survey [0..10]
Health infrastructure Female labor force Apprenticeships Employee training
are sufficiently implemented
is a high priority in companies
43.38 %
Percentage of total labor force
7.54 Survey [0..10]
u
meets the needs of society
Appeal
Value
2023 Rank
Cost-of-living index
91.64 index
w u w
Index of a basket of goods & services in the main city
7.69 Survey [0..10] 4.75 Survey [0..10] 4.66 Survey [0..10] 6.29 Survey [0..10] 4.46 Survey [0..10]
Attracting and retaining talents
is a priority in companies
Worker motivation
in companies is high
Brain drain Quality of life
does not hinder competitiveness in your economy
is high
Foreign highly skilled personnel Remuneration of management Collected personal income tax
are attracted to your country's business environment
237,687 US$
Total base salary plus bonuses and long-term incentives, US$
6.09 %
On profits, income and capital gains, as a percentage of GDP
5.04 Survey [0..10] 25.85 micrograms
Justice
is fairly administered
Exposure to particle pollution Statutory minimum wage
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Mean population exposure to PM2.5, Micrograms per cubic metre
1,482.40 US$
Statutory gross monthly minimum wage
Readiness
Value 2.16 %
2023 Rank
Labor force growth
Percentage change
4.95 Survey [0..10] 5.41 Survey [0..10] 4.84 Survey [0..10] 4.09 Survey [0..10] 5.82 Survey [0..10] 5.36 Survey [0..10] 5.53 Survey [0..10] 6.11 Survey [0..10]
Skilled labor Finance skills
is readily available
are readily available
International experience
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of senior managers is generally significant
Competent senior managers Primary and secondary education
are readily available
meets the needs of a competitive economy
30.18 %
University education Management education Graduates in Sciences
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% of graduates in ICT, Engineering, Math & Natural Sciences
meets the needs of a competitive economy
meets the needs of the business community
Language skills
are meeting the needs of enterprises
2.15 number 520 Average
Student mobility inbound
Foreign tertiary-level students per 1000 inhabitants
Educational assessment - PISA
6
u
PISA survey of 15-year olds
72
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