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Korea Ranked First in IT Competitiveness Among OECD Members

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May 18, 2004
Ministry of Information and Communication

The Ministry of Information and Communication reported on Tuesday (May 18) that Korea’s information technology (IT) competitiveness has been ranked first among the 30 member states of the Organization for Economic Cooperation and Development (OECD).

According to an OECD report obtained by the ministry, Korea’s competitiveness in the IT sector is almost twice as high as the average of its 30 member nations in terms of trade patterns.

As of 2002, Korea’s revealed comparative advantage (RCA) index in the high-tech industry stood at 2.43, followed by Ireland’s 2.22 and Hungary’s 1.86. Japan was fourth at 1.64 and the United States ranked seventh at 1.38.

The RCA index is calculated by comparing the ratio between a country’s share in IT exports to OECD member countries and the country’s total exports to OECD nations. The average RCA was set at 1.0.

The report noted that the trade volume of IT products posted an average growth rate of 4 percent annually between 1996 and 2002, outperforming the 3 percent growth rate of general merchandise.

The source of news : www.news.go.kr 2004.05.18 15:38:00