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Korea's strengthening of global competitiveness-We are focusing on helping Korea make a new leap towards becoming a globally advanced nation.
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Evaluation Model

The Double Diamond (DD) based 9-Factor model (IPS model) is a comprehensive model that has been developed based on the 9 Factor Model founded on the Diamond Model created by Professor Michael Porter of Harvard University. The IPS National Competitiveness Research 2011-2012 evaluates the physical and human factors of an industry in a country at the local and international level using the IPS model, and generates the national competitiveness rankings.

Criteria

MAIN FACTORS SUB-FACTORS CRITERIA
Physical Factors 1. Factor
   Conditios
   (19)		 Energy Resources Oil production, Natural gas production, Coal production
Other Resources Round wood production, Sawn wood production, Livestock, Fish catches, Land area, Pig iron and crude steel production, Aluminium production, Cement production, Fabrics production, Freshwater resources
2. Demand
   Conditions
   (20)		 Demand Size GDP, GDP per capita, Trade account balance, Current account balance, Exports & imports, Credit and debit of services, Trade openness, Service openness
Demand Quality Consumer sophistication (Information, Quality, Price, Brands, Design, New products, Health and environmental issue, Intellectual property right)
3. Related
   Industries
   (78)		 Transportation Paved roads density, Vehicles , Railway transport, Civil aviation, International maritime transport, International travel, International transportation
Communication Telephone mainlines, Mobile phone subscribers, Personal computers, Internet hosts, Internet users, E-business, Annual investment in telecommunication, E-readiness score, International voice traffic, International communication, Cyber international trade
Finance Capital value, Capital accessibility, Exchange rate stability, Gross domestic savings, Gross domestic investment, International reserves, International reserves to import, Access to loans, Venture capital availability, Credit by banking sectors, Financial risk rating, Financial market sophistication, Financial institution's transparency, Stock market capitalization, Value traded on stock markets, Stock market, International capital flow, Country credit rating
Education Public spending on education,Educational system, Student-teacher ratio (Primary & Secondary school), Enrollement rate (Secondary & Tertiary school), English education, IT training & education, Public schools, Competitiveness of education market
Science & Technology Scientists & Engineers, Scientific research institutions, Total expenditure on R&D, Government expenditure on R&D, Business expenditure on R&D, Information technology (IT), New high-technology Industries, Patent applications & granted
Cluster Development Local supplier quantity, Local supplier quality, Extent of collaboration among clusters
Overall Living Environment Human development index, Tourism reciepts from abroad, Personal security, Social safety net, Medical service, Political risk, Quality of life, Globalization, National culture, Public order, Innovativeness & Creativity, Job description & individual roles, Rewards
4. Business
   Context
   (31)		 Strategy & Structure Firm's decision process, Firm strategy, Firm restructuring, Corporate governance, Rivalry,
Global Mindset Global standards, International changes, International competition, International brands, Equal treatment,
Business Culture Shared value, The relationship between labor and management, Ethical practices, Insider trading, Corruption perception index, Social responsibility, Health, Safety & Environment concerns,
Foreign Investment FDI outward, FDI inward, FDI openness, Portfolio openness
Human
Factors		 5. Workers
   (16)		 Quantity of Labor Force Population, Labor force, Life expectancy at birth, Employment rate, Output-input index, Productivity, Wage, Working hours, Annual compensation for manufacturing workers
Quality of Labor Force Literacy rate, Labor dispute, Attitude & Motivation, Education, The openness of labor market, Labor union
6. Politicians &
   Bureaucrats
   (17)		 Politicians The legal framework, The legislative activity of the parliament, The political system, Leaders of society, Education level, International experience, Bribery & Corruption,
Bureaucrats GINI index, Foreign investment promotion policy, Government decisions & policy implementations, Bureaucracy, Leaders of society, Education level, International experience, Bribery & corruption
7. Entrepreneurs
   (11)		 Personal Competence Decision making, Ability to seize opportunity, Entrepreneur’s core competences, Entrepreneur’s education level, Entrepreneur’s international experience, Entrepreneur’s competitiveness
Social Context Availability of entrepreneurs, New business, New ideas, Foreign entrepreneurs, Leaders of society
8. Professionals
   (15)		 Personal Competence Professional’s education level, Professional manager’s international experience, Professional’s international experience, Decision making, Ability to manage opportunity, Professional manager’s core competence, Professional's Competitiveness
Social Context Availability of professionals, Professional manager’s compensation, Professional’s compensation, Professional’s pride, Professional job’s openness, Leaders of society
9. Chance
   Events
   (2)		   Chance event, Adjustment to external challenges
Note: The figures in the parenthesis are the number of criteria