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This review of Korea’s Policies for Industry and Technology was requested by the Korean authorities, represented by the Ministry of Trade, Industry and Energy (MOTIE), and was carried out by the OECD’s Directorate for Science, Technology and Industry (DSTI) under the auspices of the Committee for Industry, Innovation and Entrepreneurship (CIIE).
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This chapter provides an overview of the key analytic findings and policy recommendations contained in this study of industry and technology policies in Korea. Overall, five main issues are addressed: the innovation system and the Creative Economy Strategy; the evaluation system for R and D programmes and projects; the commercialisation of publicly supported research; entrepreneurship and SME growth; the relative performance of the manufacturing and services sectors; and, the Creative Economy Strategy as a form of industrial policy.
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This chapter analyses the salient features of Korea’s system of ex ante and ex post R and D programme and project evaluation. R and D project evaluation processes in a set of other OECD countries are described, and comparisons are drawn with practices in Korea. Conceptual and practical challenges in evaluating project and programme impacts are considered. Principles and practices in managing evaluation findings are discussed. Future directions for policy are assessed.
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This chapter reviews Korea’s record on commercialisation of publicly supported R and D. The key policies and institutions that affect commercialisation are examined. Emerging international experiences in commercialising public research are described. Challenges for policy in Korea and possible ways forward are also discussed.
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This chapter examines selected indicators of entrepreneurship and SME development in Korea. Key framework conditions are examined, along with policies and programmes in fields ranging from entrepreneurship education and SME finance to business incubation. An assessment is made of possible ways forward for policy.
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chapter examines the economic performance of the services sector in Korea and analyses reasons for the sector’s relative weaknesses. Recent policies to strengthen the sector are described. Possible ways forward for policy are also considered, from framework conditions to the design of targeted policy initiatives.
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This chapter examines recent experiences with industrial policy in Korea and other OECD countries. The merits and demerits of sector targeting are examined. The chapter considers the possibility of jointly pursuing a sectoral and technology-based approach. Drawing on international experience, suitable characteristics of a sectoral approach are also discussed.