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A Study on the Success Factors of Innovation Cluster: A Case of the Pangyo Techno Valley in South Korea  

Chung, Giduk (차세대융합기술연구원)
Im, Jongbin (경기도경제과학진흥원)
Chung, Sunyang (건국대학교 기술경영학과)
Publication Information
Journal of Korea Technology Innovation Society / v.20, no.4, 2017 , pp. 970-988 More about this Journal
Abstract
As an innovation cluster has become an important policy tool for attaining regional and national competitiveness, many nations and regions are making great efforts to foster innovation clusters. In the case of Korea also, many innovation clusters have been established and some of them are recently receiving a lot of attention due to their performance. In fact, there have been lots of investment by the central and regional governments. However, there have been no in-depth analyses on Korean successful innovation clusters. This study investigates some of the success factors of a Korean representative innovation cluster, Pangyo Techo Valley. We find out that the Pangyo Techno Valley has four groups of success factors: innovative environment, consistent policy support by regional government, knowledge networks, and good feed-back system of innovation. Our findings would have some theoretical and practical implications for innovation cluster research and policy practice.
Keywords
Innovation Cluster; Innovation Policy; Evaluation of Innovation Cluster; Cluster Success Factors;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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