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  • 31-July-2023

    English

    OECD Reviews of Innovation Policy: Korea 2023

    The 'Miracle on the River Han' catapulted Korea from developing country to a prosperous economy, driven in part by advancements in science, technology, and innovation. Being the second-highest R&D spender among OECD economies, Korea excels in key technologies, including semiconductors, 6G, and ICT infrastructure. Despite this remarkable progress, disparities remain between SMEs and chaebols, manufacturing and services, ICT and non-ICT industries, and urban and rural areas. Korea also grapples with societal and economic vulnerabilities, including an aging population, a significant carbon footprint, limited renewable energy use, and pronounced gender inequality. To further seize opportunities for equitable and inclusive growth, Korea must foster a shared national vision to develop science, technology, and innovation to address societal issues, enhance R&D policy implementation, promote excellent research, further internationalise, and broaden technology diffusion.

  • 15-September-2021

    English

    Industrial Policy for the Sustainable Development Goals - Increasing the Private Sector’s Contribution

    How can governments support the private sector’s contribution to the Sustainable Development Goals (SDGs)? This book investigates the contribution of firms to the SDGs, particularly through their core business, taking into account inter-sectoral linkages and global value chains, using novel techniques and data sources. Despite the fact that the private sector has the potential to contribute to a wide range of SDGs, and that many firms find it economically viable to develop sustainable products and services, firms still face significant hurdles in their sustainability transition. Based on this new evidence, this book provides some recommendations on the design of industrial policies to enhance the contribution of businesses to the SDGs.

  • 26-October-2017

    English

    Digitalisation: An Enabling Force for the Next Production Revolution in Korea

    Since joining the OECD in 1996, Korea has made impressive progress in raising living standards. Over 1996-2016, the country closed the gross domestic product (GDP) per capita gap with the OECD average by 26 percentage points. Vibrant exports underpinned strong economic growth, with Korea becoming the eighth largest exporter in the world. The country’s focus on innovation (its R&D spending is the second highest in the OECD) combined with its highly skilled population (it is among the top performers in the OECD’s Programme of International Student Assessment) supported this success. However, the convergence of Korea’s living standards to those in the most advanced countries has stalled in recent years. Output growth has slowed from 4.4% annually over 2001-10 to 2.8% since 2011. The country faces strong competition from emerging economies, notably the People’s Republic of China in low- and medium-end markets, and with advanced economies in high-end markets. This makes it more difficult for Korea to further expand its global market share.
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  • 20-October-2015

    English

    Creating our Common Future through Science, Technology and Innovation: OECD Daejeon Ministerial Meeting, Korea

    The OECD Committee for Scientific and Technological Policy held a Ministerial-level meeting in Daejeon, Korea on 20-21 October 2015. Discussions addressed innovation strategies, impact of public investment, science policies for the 21st century, science and innovation for health, new technologies for a sustainable future and the green economy, and science and innovation for global inclusiveness.

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  • 21-May-2014

    English

    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.

  • 12-September-2011

    English

    Fostering Innovation for Green Growth

    This book draws on work on green innovation across several parts of the OECD to show how it can drive sustainable growth and job creation. It explores policy actions for the deployment of new technologies and innovations as they emerge.

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  • 30-May-2011

    English

    Demand-side Innovation Policies

    This book examines dynamics between demand and innovation and provides insights into the rationale and scope for public policies. Drawing on country experience and case studies, it illustrates good practices for designing, implementing and evaluating demand-side innovation policies.

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    • The OECD Innovation Strategy

  • 27-July-2009

    English

    OECD Reviews of Innovation Policy: Korea

    This publication assesses the current status of Korea’s innovation system and policies, and identifies where and how the government should focus its efforts to improve the country’s innovation capabilities.

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  • 13-March-2006

    English

    Innovation and Knowledge-Intensive Service Activities

    This study shows how knowledge-intensive services activities (KISAs) contribute to the acquisition and growth capabilities of firms and public sector organisations.

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  • 15-November-2005

    English

    Governance of Innovation Systems, Vol. 2: Case Studies in Innovation Policy

    This book presents case studies on innovation policy governance in Australia, Austria, Belgium (Flanders), Finland, Greece, Ireland, Japan, Korea, Netherlands, New Zealand, Norway and Sweden. It provides fresh insight into how governments are striving to make innovation policy more coherent.

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