Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/240878 
Year of Publication: 
2017
Citation: 
[Journal:] Journal of Open Innovation: Technology, Market, and Complexity [ISSN:] 2199-8531 [Volume:] 3 [Issue:] 19 [Publisher:] Springer [Place:] Heidelberg [Year:] 2017 [Pages:] 1-13
Publisher: 
Springer, Heidelberg
Abstract: 
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 High-return 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 plan-management-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.
Subjects: 
National R&D program
High-risk high-return R&D
Life-cycle perspective
R&D performance
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size
485.94 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.