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

w w

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