Industry and Technology Policies in Korea

image of Industry and Technology Policies in Korea

The Korean innovation system is in many ways highly developed and has helped to underpin Korea’s rapid industrialisation. However, long-standing policy emphases on manufacturing and large firms are today in question. Structural problems - such as the relatively weak innovation performance of SMEs, a lagging services sector and limited domestic job creation among the industrial conglomerates - have led to a shift in policy priorities. This shift is crystallised in the current government’s Creative Economy Strategy, which entails a far-reaching set of measures aimed at fostering cutting-edge innovation and consolidating a knowledge-based economy increasingly driven by high-value services. This review addresses Korea’s industry and technology policies and institutions, and provides policy recommendations.



Korea's evaluation system for research and development

This chapter analyses the salient features of Korea’s system of ex ante and ex post R and D programme and project evaluation. R and D project evaluation processes in a set of other OECD countries are described, and comparisons are drawn with practices in Korea. Conceptual and practical challenges in evaluating project and programme impacts are considered. Principles and practices in managing evaluation findings are discussed. Future directions for policy are assessed.


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