Chapter

Innovation Systems, Networks, and the Knowledge‐Based Economy in Korea

Sam Ock Park

in Regions, Globalization, and the Knowledge-Based Economy

Published in print March 2002 | ISBN: 9780199250011
Published online November 2003 | e-ISBN: 9780191596216 | DOI: http://dx.doi.org/10.1093/0199250014.003.0013
 Innovation Systems, Networks, and the Knowledge‐Based Economy in Korea

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Innovation systems and local global networks of high‐technology industry in Korea are examined with regard to the evolution of the knowledge‐based economy. Major data for the study are derived from a recent questionnaire survey of SMEs (small‐ and medium‐sized enterprises) conducted for the IMF in 1997, and from an interview survey conducted in 1995 for the high‐technology industries in Korea. Changes are outlined in Korean industry since the rapid industrialization period of the 1970s, when chaebols (conglomerate business groups) rather than SMEs emerged as the leading actors in industrial development; the chaebol system was broken up following the foreign exchange crisis of November 1997. The main sections of the chapter cover regional variation of innovation performance, local innovation networks of SMEs, and local and global networks of high‐technology clusters in Kyonggi and Kumi.

Keywords: high‐technology industry; industrialization; innovation; knowledge‐based economy; Korea; small and medium sized enterprises

Chapter.  8199 words.  Illustrated.

Subjects: International Economics

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