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Newly established manufacturing firms in Korea without any corporate shareholder participation — stand-alones — exhibit significantly higher profitability and smaller asset size compared to those set up by corporate shareholders — subsidiaries. This pattern holds even for stand-alones and subsidiaries set up by the same controlling shareholder. Such differences in profitability do not seem to be driven...
The effectiveness of an “Innovation Cluster” approach is well acknowledged in the science and technology policy. There are many successful cases that the innovation clusters are leading the national or regional competitiveness. However, it is also true that there are many cases, which do not produce the expected innovation. In this sense, a regional case of Korea was reviewed with other two international...
The importance of network among university, industry and research institute can not be overemphasized. In the paper, the concept of university, industry, and research institute network was briefly reviewed and policy case study was done for the Gyeonggi Province in Korea. In the Gyeonggi Province, the Industrial Innovation Cluster Committee (IICC) policy was developed to promote the network among...
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