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Article

The Effect of Open Innovation on Technology Value and Technology Transfer: A Comparative Analysis of the Automotive, Robotics, and Aviation Industries of Korea

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Convergence Research Center for Future Automotive Technology, Daegu Gyeongbuk Institute of Science and Technology (DGIST), Daegu 42988, Korea
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Korea Institute of Science and Technology Information (KISTI), Hoegi-ro, 66 Dongdemun-gu, Seoul 130-741, Korea
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Jisung International Patent Law Office, Seoul GangnamG, 06175 u TeheranRo 108Gil 11 Samho Building 3rd Floor, Seoul 06175, Korea
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Local Administration Development Institute (LADI), DalseuGu, YoungsanRo, 3, Daegu 42768, Korea
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Authors to whom correspondence should be addressed.
Sustainability 2018, 10(7), 2459; https://doi.org/10.3390/su10072459
Received: 10 June 2018 / Revised: 7 July 2018 / Accepted: 12 July 2018 / Published: 13 July 2018
With the advent of the Fourth Industrial Revolution, the Korean industrial environment has been rapidly changing. As a result, several industries are facing different innovation conditions, including: the automotive industry, which is a traditional manufacturing industry in Korea; the aerospace industry, which has been vertically integrated, and has been led by a single large company—Korea Aerospace Industries—since Korea went through an economic crisis in the 1990s; and the robotics industry, which is currently emerging. This study used parameters related to patents originating from the automobile, robotics, and aerospace fields. The patents subjected to analysis were those registered in Korea from 2001 to 2014, and included those that were applied for, jointly applied for, or registered by Korean companies. This study analyzed the differences caused by the effect of open innovation in the three industries. According to our results, first, the three industries experienced different effects of open innovation. Second, when large companies controlled a given industry, open innovation either worked a little or did not work at all. According to this research result, the Korean robotics industry, which has a weak dominance of large companies, experienced a strong effect of open innovation, in that joint patent applications led to economic gains from the patents and an increase in technology transfer and technology value. The aerospace industry of Korea, which has the highest dominance of large companies, experienced a slight effect of open innovation, as the effect of joint patent application only improved the technology value. Finally, the automotive industry of Korea had an intermediate level of open innovation, between the aerospace and robotics sectors. View Full-Text
Keywords: open innovation; aerospace; automotive; robot; joint patent application open innovation; aerospace; automotive; robot; joint patent application
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MDPI and ACS Style

Yun, J.J.; Jeong, E.; Lee, Y.; Kim, K. The Effect of Open Innovation on Technology Value and Technology Transfer: A Comparative Analysis of the Automotive, Robotics, and Aviation Industries of Korea. Sustainability 2018, 10, 2459. https://doi.org/10.3390/su10072459

AMA Style

Yun JJ, Jeong E, Lee Y, Kim K. The Effect of Open Innovation on Technology Value and Technology Transfer: A Comparative Analysis of the Automotive, Robotics, and Aviation Industries of Korea. Sustainability. 2018; 10(7):2459. https://doi.org/10.3390/su10072459

Chicago/Turabian Style

Yun, Jinhyo J.; Jeong, EuiSeob; Lee, YoungKyu; Kim, KyungHun. 2018. "The Effect of Open Innovation on Technology Value and Technology Transfer: A Comparative Analysis of the Automotive, Robotics, and Aviation Industries of Korea" Sustainability 10, no. 7: 2459. https://doi.org/10.3390/su10072459

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