Oecd Reviews Of Innovation Policy Korea 2023

The "Miracle on the River Han" catapulted Korea from developing country to a prosperous economy, driven in part by advancements in science, technology, and innovation. Being the second-highest R&D spender among OECD economies, Korea excels in key technologies, including semiconductors, 6G, and ICT infrastructure.

The "Miracle on the River Han" catapulted Korea from developing country to a prosperous economy, driven in part by advancements in science, technology, and innovation. Being the second-highest R&D spender among OECD economies, Korea excels in key technologies, including semiconductors, 6G, and ICT infrastructure. Despite this remarkable progress, disparities remain between SMEs and chaebols, manufacturing and services, ICT and non-ICT industries, and urban and rural areas. Korea also grapples with societal and economic vulnerabilities, including an aging population, a significant carbon footprint, limited renewable energy use, and pronounced gender inequality. To further seize opportunities for equitable and inclusive growth, Korea must foster a shared national vision to develop science, technology, and innovation to address societal issues, enhance R&D policy implementation, promote excellent research, further internationalise, and broaden technology diffusion.

This review addresses Korea’s industry and technology policies and institutions, and provides policy recommendations.

This report assesses the current status of Korea's innovation system and policies, and identifies where and how the government should focus its efforts to improve the country's 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 labor force - as signaled 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 Korea's 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-industrializing economies, the lowest fertility rate in the OECD and an aging 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.--Publisher's description.

This book offers a comprehensive assessment of the innovation system of Viet Nam, focusing on the role of government and providing concrete recommendations on how to improve policies that affect innovation and R&D performance.

This review provides a quantitative and qualitative assessment of Southeast Asian countries’ capacity in S&T and innovation.

Regions and Innovation Policy addresses the needs of national and regional governments for greater clarity on how to strengthen the innovation capacity of regions.

China has maintained very rapid economic growth and development over several decades, but it now faces the challenge of ensuring that further progress – economic, social and environmental – will be both sustainable and comprehensive. This will ...