A case study on the improvement of institution of 'High-Risk High-Return R&D' in Korea

Autor: Hee Ju Jun, Mee Hyang Chang, Byung Yong Hwang, Dae Cheol Kim
Jazyk: angličtina
Rok vydání: 2017
Předmět:
Engineering
Economic growth
Entrepreneurship
lcsh:Management. Industrial management
Sociology and Political Science
media_common.quotation_subject
0211 other engineering and technologies
Accounting
02 engineering and technology
Development
lcsh:Business
050905 science studies
National R&
ddc:650
High-risk high-return R&D
Institution
National R&D program
media_common
Government spending
Government
Life-cycle perspective
D
Life-cycle perspective
R&
business.industry
05 social sciences
National R&D program
High-risk high-return R&D
Life-cycle perspective
R&D performance
D performance
021107 urban & regional planning
Creativity
Incentive
lcsh:HD28-70
Accountability
D program
High-risk high-return R&
0509 other social sciences
business
lcsh:HF5001-6182
General Economics
Econometrics and Finance
R&D performance
Autonomy
Zdroj: Journal of Open Innovation: Technology, Market, and Complexity; Volume 3; Issue 3; Pages: 19
Journal of Open Innovation: Technology, Market and Complexity, Vol 3, Iss 3, p 19 (2017)
ISSN: 2199-8531
DOI: 10.1186/s40852-017-0069-9
Popis: Despite the increase of government spending on R&D in South Korea, there have been limits in enhancing the challenging trait and creativity of research outcomes. A new approach to the current mode of R&D is considered necessary to tackle this problem. In 2015, South Korea operated fifteen programs, namely “High-risk Highreturn R&D,” from seven government ministries. The purpose of this study is to examine the actual conditions for adoption and to further promote early establishment and wide implementation of the new “High-risk High-return policy” in National R&D, and to suggest ways to improve it. In this study, we have approached the case with a life-cycle perspective of planmanagement- evaluation of R&D by carrying out a survey and unstandardized interviews with key staff from R&D management agencies. Based on the results of the analysis, we suggest improvements in three aspects: 1) flexible system operation, 2) government ministries’ autonomy and accountability, 3) effective incentives. Finally, we discuss possible improvements, future directions, and the limits of this study.
Databáze: OpenAIRE
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