Science, technology and innovation policy


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.

Published on May 21, 2014

In series:OECD Reviews of Innovation Policyview more titles


Abbreviations and acronyms
Executive summary
Assessment and recommendations for Korea's policies on industry and technology
The innovation system and the Creative Economy Strategy
Korea's evaluation system for research and development
Commercialising publicly supported research
Encouraging more start-ups and SME growth
A new balance between manufacturing and services
The Creative Economy Strategy as industrial policy
Powered by OECD iLibrary