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The future of innovation in Korea

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  • The future of innovation in Korea
  • Stangarone, Troy
  • International Council on Korean Studies


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Title The future of innovation in Korea
Similar Titles
Material Type Reports
Author(English)

Stangarone, Troy

Publisher

[Washington, DC]:International Council on Korean Studies

Date 2014
Journal Title; Vol./Issue International Journal of Korean Studies:vol. 18(no. 1)
Pages 20
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < General
Holding International Council on Korean Studies

Abstract

While there has been much confusion about the meaning of a “creative economy”, at its core, the creative economy is President Park Geun-hye’s vision for job creation and economic growth in the Korean economy that is designed to shift the economy from being one of imitation to one driven by innovation. To achieve this shift, President Park hopes to tap into Korea’s economic strengths, information and communications technologies (ICT), and culture, and apply them to existing industries in new and innovative ways. To achieve this paradigm shift, Korea will need to address a series of issues related to entrepreneurship, research and development, venture capitalism, and the role of universities to successfully transition the Korean economy to one based on innovation.