The group looks at several measures of equality between men and women in this year's Global Gender Gap Report, released yesterday.
Globally, the report found that the global gender gap only slightly reduced in 2018, as stagnation in the proportion of women in the workplace and women's declining representation in politics, along with greater inequality in access to health and education, offset improvements in wage equality and the number of women in professional positions.
Norway has closed more than 83% of its overall gender gap and continues to make steady progress.
The difference in gender gap size between the highest-ranked and lowest-ranked countries in the region was about 10pc for the educational attainment sub-index and about 4pc for health and survival.
Korea scored lowly in terms of gender equality in economic participation and opportunity, ranking 124th with an index of 0.549.
"202 years is too long a wait", she said in a statement, The New York Daily News reported.
Iceland was the best performer on the list for the 10th year running.
Want gender equality at work? wait 200 years
The rise reflected narrower wage gaps and an increase in women's labor participation rate. Nicaragua came in fifth and Rwanda sixth.
The Philippines was ranked the highest in Asia at eighth, climbing two spots from the previous year.
"The country's Health and Survival gender gap remains open for a second year, although its Educational Attainment gender gap remains fully closed". The report says this may be because women often undertake unpaid work such as caring for children. Still, in the midterm elections last month, which took place after the survey data was collected, women won a record 102 seats in the US House as of Nov 19, fuelled by Democratic opposition to US President Donald Trump.
WEF said that there was a year-on-year deterioration of political empowerment of women, "partly attributed to the lower tenure of women in head-of-state roles around the world". Yet, improvement is being made in the rest of the world. In September, WEF said in a report that robots will 75m jobs globally by 2022 but create 133 million new ones - creating a "net positive" amount of almost 60m jobs. Thus, the gap between women and men at the Artificial intelligence in Germany is very large: Only 16 percent of the Talent pool are women.
Although the number of women in science, technology, engineering or mathematics (STEM) has increased in recent years, they still only account for about 30 percent of the world's researchers, the United Nations cultural agency UNESCO says.
In this area, Singapore, Italy and South Africa outperformed others. "They work continuously for fewer years than men, since only women get pregnant, and most women are not prepared to instantly dump the baby on somebody else to raise".