
- Integration of products and services of Korean firms and innovation policy directions
- Jang, Pyoung Yol
- Science and Technology Policy Institute
Title |
Integration of products and services of Korean firms and innovation policy directions
Similar Titles
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Material Type | Article |
Author(English) |
Jang, Pyoung Yol |
Publisher |
Seoul : Science and Technology Policy Institute |
Date | 2012-10 |
Journal Title; Vol./Issue | STI Policy Review:vol.3(no.2) |
Pages | 19 |
Subject Country | South Korea(Asia and Pacific) |
Language | English |
File Type | Link |
Subject | Industry and Technology < Science/Technology |
Holding | Science and Technology Policy Institute |
License | ![]() |
Abstract
such as in Apple’s iPod & iTunes, Amazon’s Kindle, and Hyundai Motor Company’s Mozen. This phenomenon
has recently accelerated due to multiple factors including market change, lessening of differences in
quality of products or services, the paradigm of participation and sharing, and deindustrialization and evolution
toward becoming a service economy. The objective of this paper is to investigate and analyze the status
and characteristics of integration of products and services in Korean firms and to suggest policy directions
promoting this integration. Towards this purpose, income statements from the Korea Listed Companies Association
(KLCA) database of companies listed on the Korea Stock Exchange are analyzed regarding the
servitization of manufacturing firms as well as the productization of service firms. In addition, this research
investigates the Korean Innovation Survey 2011 database for the service sector and 2010 database for the
manufacturing sector in order to evaluate R&D activity in each. In the manufacturing sector, the average ratio
of service sales (servitization) was low at 0.208, with bias in the level and distribution of ratios associated
with the manufacturing sector. 18 out of a total of 23 sectors (78%) have low servitization, showing there's
a long way to go for servitization in the Korean manufacturing sector. In the service sector, the average ratio
of product sales (productization) was 9.53%, which is relatively high compared to that of the manufacturing
sector. However, the distribution of ratios is also biased, as with the manufacturing sector. Based on this analysis,
policy directions are proposed in terms of 1) R&D, 2) concept boost, 3) R&D result spread, 4) statistics,
5) infrastructure and 6) green growth.
Resources
Multiple options for appropriation mechanisms in a business environment and implications for policy Park, Kyoo-Ho / 2012-10 / Seoul : Science and Technology Policy Institute
Overseas research and development activities of Korean ICT enterprises in emerging countries Seo, Jeongseon / 2012-10 / Seoul : Science and Technology Policy Institute
S&T collaboration in developing countries : Lessons from Brazilian collaboration activities with South Korea Fink, Daniel; Hameed, Tahir; So, Minho; Kwon, Youngsun; Rho, Jae Jeung / 2012-10 / Seoul : Science and Technology Policy Institute
Bridging the gap between science and industry : The Fraunhofer model Klingner, Raoul; Behlau, Lothar / 2012-10 / Seoul : Science and Technology Policy Institute
A decade of the National Institute for materials science as an independent administrative institution Kishi, Teruo; Takemura, Masahiro / 2012-10 / Seoul : Science and Technology Policy Institute