On Korea: Academic Paper Series
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On Korea: Academic Paper Series 2013About On Korea: Academic Paper Series
In December 2006, KEI initiated our Academic Paper Series in which we commission up to 10 papers per year with diverse perspectives on original subjects of current interest to Korea watchers. This year-long program provides both leading Korea scholars and new voices from around the world to speak and write on trends and events affecting the Korean peninsula.
Though previous Korean governments have taken steps to support Korea’s transition to an advanced innovation-driven economy, the Park administration has significantly heightened the level of priority of these efforts in order to foster the innovation and new engines of economic growth that will drive Korea’s future prosperity.
The success of these policies requires a focus by Korean policy stakeholders, including government, businesses, researchers, and consumers, on addressing fundamental challenges within Korea’s innovation ecosystem. These include regulatory, structural, educational, and cultural obstacles that constrain Korea’s ability to fully foster and utilize its innovative capacities.
Getting these fundamentals right will support Korea as it seeks to foster new industries that will drive its future growth and competitiveness. This requires a long-term commitment beyond President Park’s five-year term in office, but actions can be taken in the near term to build the foundation for future successes.