Seoul, South Korea – A new report by Boston Consulting Group (BCG) has revealed that South Korea has been categorized as a "stable contender" in the global AI race, falling short of the top five "pioneer" nations.

The BCG's AI Maturity Matrix, which evaluated 73 countries, placed the US, China, Singapore, the UK, and Canada as the world's leading nations in AI. These countries were commended for their advanced AI preparedness.

South Korea, along with nations like Australia, Finland, and Germany, was grouped into the "stable contender" category, indicating a solid foundation in AI but requiring additional efforts to reach the forefront.

This finding contrasts slightly with previous assessments, such as the one by Tortoise Media, which had placed South Korea in a higher tier. However, the BCG report did not assign specific rankings within each category.

The report highlighted the US and Singapore for their strong AI talent pools, while China was recognized for its dominance in AI-related patents. The US was projected to lead in software, platforms, and AI computing hardware, while China was seen as a future standard-setter in AI-powered autonomous vehicles and consumer electronics.

To compete effectively in the global AI landscape, the report suggested that South Korea and other "stable contender" nations should focus on niche markets and specialized areas.