This report assesses the current status of Koreas innovation system and policies, and identifies where and how the government should focus its efforts to improve the countrys innovation capabilities. It finds that Korea has one of the highest rates of spending on R&D in the world, much of which is performed by private firms. It also has a highly educated labour force  as signalled by its impressive PISA performance and exceptionally high rates of tertiary level graduation  with a strong interest in science and technology.  However, a number of bottlenecks persist that hamper Koreas economic convergence with the leading OECD economies. These include a relatively weak SME sector and weak performance in services, as well as lagging capacities to conduct leading-edge research in many areas. Furthermore, Korea faces numerous threats in the mid term, notably increased levels of competition from China and other newly-industrialising economies, the lowest fertility rate in the OECD and an ageing society, and a continuing high dependency on imports of natural resources, particularly hydrocarbons. In the shorter term, the economic crisis offers its own challenges, with the need for some policy adjustments to deal with expected falls in business investment in R&D and growing levels of unemployment among the highly skilled.Table of Content : -Introduction: Korean Innovation Policy in a Time of Economic Crisis-Overall Assessment and RecommendationsChapter 1. Performance and Framework Conditions for Innovation-Macroeconomic Performance-Structural Features-Framework Conditions for Innovation-Performance in Science, Technology and InnovationChapter 2. Main Features of the Innovation System--Large National Firms-SMES and New Technology-Based Firms-Government Research Institutes-Higher Education Institutions-Human Capital-System LinkagesChapter 3. Government Innovation Policy Introduction to Korean Innovation Policy-Policy-Making Institutions-STI Policy and Governance-Research Funding-HRST Policy-Knowledge Diffusion and Linkages-Improving the Framework Conditions for Innovation-Internationalisation-Regionalisation

Korea. Oecd Reviews of Innovation Policy PDF

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