Innovation &technology in Korea an international perspective

Abstract

South Korea’s remarkable growth during the last decades has been abundantly documented. Particularly in the 2000s, the South Korean economy transformed into a knowledge-based economy and developed an innovation-intensive industrial structure. Government initiatives, international trade as well as foreign direct investment played a significant role in upgrading Korea innovation and technology system. Thus, the knowledge revolution, together with increased globalization, presented significant opportunities for promoting economic and social development in Korea. The main objectives of this paper are to explain the development process behind Korea knowledge-based economy and to elaborate the strategies as follows: (1) facilitating an innovative R&D system; (2) upgrading information infrastructure; (3) implementing e-Government.