New analysis finds that South Korea ranked eighth among members of the Organization for Economic Cooperation and Development(OECD) in terms of innovation capacity in science and technology last year. 

The Korea Institute of S&T Evaluation and Planning revealed the figure in a report released on Monday based on the Composite Science and Technology Innovation Index which the institute has compiled every year since 2006. The ranking slipped down by a notch from 2019. 

The institute releases the index in a bid to compare science and technology innovation capacity among the 35 OECD countries. The data often forms the basis on which the government sets future action plans for relevant policies. 

The U.S. topped the list followed by Switzerland, the Netherlands, Japan, Germany, Israel and Luxembourg.