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http://dx.doi.org/10.5762/KAIS.2021.22.6.147

A Study on Valuation of Defense Technology -Focusing on Overseas Technology Transfer-  

Goh, Hwa-Jin (Korea Research Institute for defense Technology planning and advancement)
Jeon, Jeong-hwan (Department of Industrial and Systems Engineering, Gyeongsang National University)
Kim, Joon-Young (Korea Research Institute for defense Technology planning and advancement)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.22, no.6, 2021 , pp. 147-154 More about this Journal
Abstract
Recently, it has been observed that as the level of Science and Technology in Korea is improving, the demand for technology transfer from overseas buyers is also increasing. A technical value is an important factor for the technology transfer process and the valuation of technology should be performed reasonably. Specifically, a non-economical value has to be examined thoroughly when conducting the valuation for a technology that depends on public values. Since public technology has public benefit as its purpose when compared to technology from the private sector, its discount rate should be appropriately assessed and reflected in its valuation process. In this context, this study presents the methodology of valuation of public technology particularly relating to the transfer of technology from the national defense industries. To be specific, both an application method of the discount rate according to the characteristics and the purpose of the target technology and a qualitative and quantitative evaluation method to reflect the public values are presented. The proposed method for the valuation of defense technology could be used practically both in strengthening bargaining capability based on the reasonably derived technical values for transfer of national defense technology abroad and in the compilation of budgets for technology development in the future.
Keywords
Defense Technology; Technology Valuation; Defense Technology Valuation; Public Value; Technology Transfer;
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