Korea, once one of the poorest nations in the world, is currently among one of the world’s 15 largest economies by its GDP standards of 2010. Such an unprecedented growth has generated voluminous literature about what were the key factors for Korea’s economic growth. With many discussions being devoted to the question of whether stronger IPR protection promote or deter economic growth or industrial development, it would not be easy to assess the role of IPR system in industrial development in Korea. Contributions in this area in the context of Korea include KIPO&WIPO (2003), Lee&Kim (2010), and Kim et al. (2011), which stressed the significance of the intellectual property right (IPR) system in imitating advanced technology from foreign countries and thereafter developing local technological capacity. While recognizing the contribution of understanding a country’s economic growth from the perspective of the IPR system, this paper departs from the approaches taken in existing studies.(The rest omitted)
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