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J. Open Innov. Technol. Mark. Complex. 2017, 3(3), 19; https://doi.org/10.1186/s40852-017-0069-9 (registering DOI)

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

1
Korea Institute of Science & Technology Evaluation and Planning, Seoul, Republic of Korea
2
Sejong University, Seoul, Republic of Korea
3
School of Business, Hanyang University, Seoul, Republic of Korea
*
Author to whom correspondence should be addressed.
Received: 17 August 2017 / Accepted: 5 September 2017 / Published: 29 September 2017
PDF [486 KB, uploaded 9 February 2018]

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 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.
Keywords: National R&D program, High-risk high-return R&D, Life-cycle perspective, R&D performance National R&D program, High-risk high-return R&D, Life-cycle perspective, R&D performance
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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Hwang, B.Y.; Jun, H.J.; Chang, M.H.; Kim, D.C. A case study on the improvement of institution of “High-Risk High-Return R&D” in Korea. J. Open Innov. Technol. Mark. Complex. 2017, 3, 19.

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