• Asian Journal of Innovation and Policy
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• v.8 no.2
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• pp.274-287
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• 2019

Governments are asking policymakers to quantify the economic and social impact of those advanced technologies they support, including nanotechnology. National policymakers and researchers who participated in OECD activities cooperated to develop a model for the economic impact assessment of nanotechnology with a relevant case study. The present research contributing to some recommendations from the OECD WPN (Working Party on Nanotechnology) finds a successful example of market creation by nanotechnology, and assesses the resulting economic impact of the DEFRA (Department of Environment, Food & Rural Affairs of UK) model. This study investigates the economic impact of Quantum-dot (Qdot) nanotechnology on flat panel TV manufacturers, which is an ideal case to apply the DEFRA model for the analysis of product innovation based on nanotechnology. Findings show that Qdot nanotechnology is expected to create an economic value of $3.32 billion for Korean TV manufacturers over the next decade.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.8
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• pp.115-126
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• 2018

The purpose of this study is to examine the effects of the factors that hinder innovation of SMEs on innovation activities of Korean firms. Many existing literature studies remain focused on factors that promote innovation activities. However, in order for companies to promote innovation, it is important to analyze the factors that hinder innovation as well as those that promote innovation. In this study, we analyzed the relationship between technological innovation inhibition factors and technological innovation performance of 4,075 SMEs in Korea using the Korea Institute of Science and Technology Policy statistical data. The research model and hypothesis test of this study consist of three stages. First, the reliability of the variables used was verified using exploratory factor analysis. Second, the proposed hypothesis was modeled using structural equation modeling. Finally, validity of the structural equation was verified using confirmatory factor analysis. As a result, the lack of need for innovation influenced innovation performance and the government support system mediated them. SMEs should establish technological innovation strategies to maximize the effect of technological innovation with limited resources, and government should make polices to promote innovation of SMEs. It's expected to be used in the case of establishing a support policy.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.11 no.1
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• pp.13-27
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• 2016

Companies strive to have the ability to flexibly respond to environmental changes in modern society with its rapidly changing business environment. That is, companies try to achieve the corporate performance by using a variety of strategies since companies that don't go along with changes in industry are likely to fall behind. Also, the corporate performance is a key element in national competitiveness, and government is willing to support companies to maximize their performance in various ways. This study examines whether there is a difference between corporate strategies and government policies according to the retention and the type of certification of innovation. The company's strategy configuration effort is largely divided into exploration and exploitation of external knowledge, while the government's policy is divided into direct support, indirect support, and financial support. The corporate performance is analyzed using technological performance; innovative perspective and the sales; and the actual corporate performance as proxy variables. As a result, the variable affecting the performance differs according to the retention of certification of innovation. The variable affecting the corporate performance differs according to the type of certification of innovation as well. Therefore, it was found that companies can achieve the corporate performance by considering the situation at hand and the differentiated action strategies depending on the type of certification of innovation.

• Journal of Technology Innovation
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• v.30 no.1
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• pp.57-104
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• 2022

The government has supported the innovation of private firms by intervening the market for various purposes, such as preventing market failure, alleviating information asymmetry, and allocating resources efficiently. Although the government's R&D budget increased rapidly in the 2000s, it is not clear whether the government intervention has made desirable impact on the market. To address this, the current study attempts to explore this issue by doing a systematic literature review on foreign and domestic papers in an integrated way. In total, 168 studies are analyzed using contents analysis approach and various lens, such as policy additionality, policy tools, firm size, unit of analysis, data and method, are adopted for analysis. Overlapping policy target, time lag between government intervention and policy effects, non-linearity of financial supports, interference between different polices, and out-dated R&D tax incentive system are reported as factors hampering the effect of the government intervention. Many policy prescriptions, such as program evaluation indices reflecting behavioral additionality, an introduction of policy mix and evidence-based policy using machine learning, are suggested to improve these hurdles.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.46 no.spc
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• pp.19-30
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• 2023

Recently, the government has provided support such as entering new markets, expanding sales channels, and supporting manpower, not just in the form of funding, to efficiently and effectively support limited national resources to improve corporate performance. In this study, we tried to find out the effect of government support for companies that have benefited from the Excellent Technology Research Center Project (ATC Project) and the World Class 300 project using propensity score matching. As a result of the analysis, the effect of government support for the ATC project became visible after the appointment period, while the effect of the World Class 300 project was insignificant. This means that when the size of the company is small, the effect of government support is more pronounced. This suggests that in order to maximize the effectiveness of government support, appropriate national policy interventions such as government innovation funding are needed when the size of the company is small. In this study, differences in the timing, performance indicators, and company size of policy support effects were found in the growth stage of a company from a mid- to long-term time series perspective, suggesting that support policies based on this need to be adjusted and redesigned.

• Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
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• v.7 no.1
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• pp.69-76
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• 2017

Recently, it is difficult for a firm to survive and maintain sustainable competitive advantage through internal R&D only, because changes in the environment are very fast and complex. Accordingly, the paradigm of open innovation is gradually emphasized, and the ratio of external R&D has been increasing in various industries. This study analyzed open innovation through Korean Innovation Survey (KIS) data from Science and Technology Policy Institute (STEPI). We confirmed the ratio of open innovation based on firms of the manufacturing industry in South Korea, and examined the relationship between open innovation and innovation performance. This study suggests that open innovation is not a new paradigm that did not exist in the past. While the use of government support programs positively influence innovation performance, the use of external R&D doesn't influence innovation performance due to the difficulties associated with managing it. The results of this study will be used to establish the strategic direction and support the decision making when firms conduct innovation activities in the future.

• Journal of Information Technology Services
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• v.18 no.3
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• pp.143-154
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• 2019

The purpose of this study is to explore innovative adaptation of IT systems worldwide to support process-focus assessment. To this end, the study presents four cases from Australia, Singapore, the U.S.A., and Korea to inform educational policy and technology researchers and practitioners. Based on comparing the four chosen cases as benchmarks, the study concluded that IT systems and technologies can expedite and improve school interventions to enhance student learning in terms of time and quality. Also, educational big data and learning analytics can be used to systematically monitor and communicate individual student's progress among school stakeholders (i.e., teachers, students, parents, and administrators). Lastly, the study made some suggestions to support process-focused assessment in schools as following : 1) A more evidence-based, systems approach is needed to integrate the curriculum, instruction, and assessment to bridge the gap between educational policy and school practice; 2) It is critical to create ICT-friendly school environments so that meaningful data could be collected, analyzed, and stored from individual students and school units; 3) Teacher professional development is another area that needs special considerations and support to successfully implement process-focused assessment in schools.

• Journal of the Economic Geographical Society of Korea
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• v.4 no.1
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• pp.61-76
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• 2001

The purposes of this research are to examine the theoretical background and industrial policy issues with regard to building a Innovation System for encouraging industrial competitiveness and fostering regional industry in Korea. Knowledge has become the driving force of economic growth and the primary source of competitiveness in the world market. So since 1990s, Innovation Systems have been put emphasis on as new industrial development strategy in a knowledge-based economy. It can be understood that Innovation System is composed of National Innovation System(NIS) and Regional Innovation System(RIS) and interrelated the concept of clusters and networks, which are contribute to industry development throughout boosting innovation. As for the Korean industrial policy, when the former centralized policy decision making process became decentralized through the implementation of local autonomy, the role of local or state government in relation to regional industrial promotion intensified. But with the impotance of for fostering strategic industry in the region. new industrial policy issues in Korea are needed as follows; $\circled1$ Building a market-oriented support system for industrial cluster through providing the resource of innovation. $\circled2$ Establishing agency for regional industrial development. $\circled3$ Making a evolutionary vision for broader region including 2 or 3 province, $\circled4$ Fostering strategic industry which is selected in term of specialization and potential of the region. The RIS model for industry development is outlined in this paper but policy initiatives for building a RIS have to be extracted from further case studies.

• Journal of Contemporary Eastern Asia
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• v.13 no.1
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• pp.39-55
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• 2014

This study aims to examine and develop a Triple Helix model for social innovation to eradicate pervasive poverty in developing countries. To do this, this study explores and analyzes the Rural Saemaul Undong (RSU), a rural community development movement for eradicating poverty that was driven by the South Korean government during the 1970s. First of all, this study explores the characteristics of the RSU and explains why the RSU was a social innovation. To support and explain why the RSU was a successful social innovation, this study analyzes the roles and activities of three distinct actor groups: the chief policymaker and his aides who presented the vision and purpose, or the "why" of the Saemaul Undong; central and local government officials who were the planners and managers who showed "how" to plan and drive it; and village Saemaul leaders as the drivers and coaches showing rural villagers "what" to do. Based on this analysis, this study develops an actor-based Triple Helix model for social innovation to eradicate poverty.

• Journal of Korea Technology Innovation Society
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• v.5 no.2
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• pp.129-140
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• 2002

This study is try to do the empirical tests on the relationship among innovation cycle, investment cycle, and business cycle suggested in recent economic growth models. We apply co-spectra analysis to estimate dynamic correlations in the extraction HP filtered variables and first difference filtered variables in our data set. Our empirical results are; (i) an existing asynchronization between innovation cycle and investment cycle, (ii) in the long frequency, an existing positive correlation between innovation cycle and business cycle, (iii) in the short frequency, however, a finding the high negative correlation between the two cycle. Our empirical findings support the recent growth through cycle models and suggest some economic policy implementations for economic stabilization during a severe business cycle.