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Strategies for R&D cooperation in Korea’s private firm sector

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Frame of Image had spent 59.3 trillion won on R&D activities in Korea. The
Strategies for R&D Cooperation in Korea’s Private Firm Sector
ny (2.98%). Even though Korean economic actors have spent higher R&D expenditures, their major performances for R&D have been recognized as being insufficient. Several issues have been raised as structural problems. Contrary to public expectations, for example, the contributions of their R&D activities have been lower for new growth engines of the Korean economy and the structural enhancements of the existing industries. In addition, small and mid-firms still have weaker R&D capabilities. This paper analyzes the cooperative R&D networks from the perspective of the private sector and suggests some policy directions for R&D promotion based on the analysis. To this end, the current status and problems of their cooperative networks are described in detail. Finally, in order to resolve such problems, this paper suggests several government support large-sized firms’ R&D expenditure was 35.7 trillion won, which occupied 76.8% of the total R&D expenditure of Korean firms. By comparison, Small and Medium-sized Enterprises (SMEs)’ and ventures’ R&D expenditures were 5.8 trillion won (12.6%) and 4.9 trillion won (10.6%), respectively. These figures reveal some critical gaps between LFs (large firms) and the other firms such as SMEs and ventures, which are shown in Figure 1. In addition to the R&D expenditure scalebased gaps between LFs, SMEs, and ventures, there exis


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Title Strategies for R&D cooperation in Korea’s private firm sector
Similar Titles
Material Type Articles
Author(English)

Lee, Sang-Kyu

Publisher

[Sejong, South Korea]:Korea Institue for Industrial Economic Trade

Date 2016
Journal Title; Vol./Issue KIET Industrial economic review:vol. 21(no. 3)
Pages 9
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic System
Social Development < Education
Holding KIET