South Korea's global competitiveness ranking climbed two spots this year,... thanks to stable economic growth and expanded infrastructure.
According to a report by the International Institute for Management Development,... the nation was ranked 27th in terms of global competitiveness among 63 countries surveyed,... up from 29th the year before.
While South Korea saw an improvement in the economic sector,... the country's standing in government efficiency dropped one notch to 29th,... due to worsening public finance and fiscal strategy.