A case study on the improvement of institution of “High-Risk High-Return R&D” in Korea
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 fi...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2017-09-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2199-8531/3/3/19 |
| _version_ | 1797426504870658048 |
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| author | Byung Yong Hwang Hee Ju Jun Mee Hyang Chang Dae Cheol Kim |
| author_facet | Byung Yong Hwang Hee Ju Jun Mee Hyang Chang Dae Cheol Kim |
| author_sort | Byung Yong Hwang |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-03-09T08:31:09Z |
| format | Article |
| id | doaj.art-de84380d562f486ea328fea7abdbe6fa |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-09T08:31:09Z |
| publishDate | 2017-09-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-de84380d562f486ea328fea7abdbe6fa2023-12-02T19:54:00ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312017-09-01331910.1186/s40852-017-0069-9s40852-017-0069-9A case study on the improvement of institution of “High-Risk High-Return R&D” in KoreaByung Yong Hwang0Hee Ju Jun1Mee Hyang Chang2Dae Cheol Kim3Korea Institute of Science & Technology Evaluation and Planning, Seoul, Republic of KoreaKorea Institute of Science & Technology Evaluation and Planning, Seoul, Republic of KoreaSejong University, Seoul, Republic of KoreaSchool of Business, Hanyang University, Seoul, Republic of KoreaDespite 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.https://www.mdpi.com/2199-8531/3/3/19National R&D program, High-risk high-return R&D, Life-cycle perspective, R&D performance |
| spellingShingle | Byung Yong Hwang Hee Ju Jun Mee Hyang Chang Dae Cheol Kim A case study on the improvement of institution of “High-Risk High-Return R&D” in Korea Journal of Open Innovation: Technology, Market and Complexity National R& D program, High-risk high-return R& D, Life-cycle perspective, R& D performance |
| title | A case study on the improvement of institution of “High-Risk High-Return R&D” in Korea |
| title_full | A case study on the improvement of institution of “High-Risk High-Return R&D” in Korea |
| title_fullStr | A case study on the improvement of institution of “High-Risk High-Return R&D” in Korea |
| title_full_unstemmed | A case study on the improvement of institution of “High-Risk High-Return R&D” in Korea |
| title_short | A case study on the improvement of institution of “High-Risk High-Return R&D” in Korea |
| title_sort | case study on the improvement of institution of high risk high return r amp d in korea |
| topic | National R& D program, High-risk high-return R& D, Life-cycle perspective, R& D performance |
| url | https://www.mdpi.com/2199-8531/3/3/19 |
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