Title: Perceived innovation barriers and open innovation performance: insights from Korea

Authors: Daehan Jung; Yoonjung Kim; Yoonkyo Suh; Youngmi Kim

Addresses: Program in Science & Technology Studies, Korea University, 145 Anam-ro, Seongbuk-gu, Seoul, 02841, Korea ' Program in Science & Technology Studies, Korea University, 145 Anam-ro, Seongbuk-gu, Seoul, 02841, Korea ' Program in Science & Technology Studies, Korea University, 145 Anam-ro, Seongbuk-gu, Seoul, 02841, Korea ' Program in Science & Technology Studies, Korea University, 145 Anam-ro, Seongbuk-gu, Seoul, 02841, Korea

Abstract: The innovation system is failing because of its structural problems, blocking its creation and spread. In order to overcome such systemic failures, it is imperative that the existing system's shortcomings be analysed and solved all the while creating new system and structure in which innovation actors can expedite innovation. Therefore, this study aims to identify the factors that promote and inhibit innovation performance in Korean companies and suggest amendments to the existing policy and regulations. In conclusion, the result of this study should be taken into account for revising and improving the existing environment. We suggest that the policy and law be amended as to allow support based on the size of the business and create new infrastructure, and policy institution that reduce the possibility of systemic failures in innovation.

Keywords: open innovation; innovation barriers; innovation activities; technological innovation; innovation performance; Korea; perceived barriers.

DOI: 10.1504/IJKBD.2016.076466

International Journal of Knowledge-Based Development, 2016 Vol.7 No.2, pp.125 - 142

Available online: 09 May 2016 *

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