Authors: KwangWook Gang, Pier A. Abetti
Addresses: Lally School of Management and Technology, Rensselaer Polytechnic Institute, 110, 8th Street, Troy, New York, 12180-3590, USA. ' Lally School of Management and Technology, Rensselaer Polytechnic Institute, 110, 8th Street, Troy, New York, 12180-3590, USA
Abstract: We analyse the components of South Korea|s world competitiveness, the driving forces of its impressive growth until 2008 and the reasons for its decline in 2009. We discuss the evolution of South Korea|s national innovation system (NIS), and conclude that it was functioning well for large companies and the chaebol conglomerates, but not for SMEs. We discuss the new role of Korean Government-Funded Research Institutes (GRIs) and their contributions to technological development, presenting the case study of successful technology transfer from the Korea Institute of Machinery and Materials to two entrepreneurial SMEs. We conclude that, after the present economic crisis, Korean industry will evolve from the chaebols, an obsolescent corporate organisation, to a more balanced structure of entrepreneurial SMEs and mature multinationals. We propose a new mission for the Korean GRIs, namely a proactive technological search, selection, transfer and implementation assistance to SMEs and the creation of independent liaison offices in parallel with the strengthening of the existing technology licensing offices.
Keywords: South Korea; national innovation systems; NIS; chaebols; Korea Institute of Machinery and Materials; KIMM; technology licensing offices; TLOs; Korean SMEs; small and medium-sized enterprises; research institutes; government funded research; technological development; technology transfer; entrepreneurship.
World Review of Science, Technology and Sustainable Development, 2010 Vol.8 No.1, pp.1 - 28
Available online: 24 May 2010 *Full-text access for editors Access for subscribers Purchase this article Comment on this article