The Innovative Platform Programme in South Korea: Economic Policies in Innovation-Driven Growth
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Keywords

fourth industrial revolution
South Korea
Innovative Platform Programme
innovation-driven growth
income-led growth
economic regulation
fair economy
dynamic efficiency

How to Cite

KimS. S., & ChoiY. S. (2019). The Innovative Platform Programme in South Korea: Economic Policies in Innovation-Driven Growth. Foresight and STI Governance, 13(3), 13-22. https://doi.org/10.17323/2500-2597.2019.3.13.22

Abstract

After several decades of rapid development, South Korea has recently experienced a critical economic downturn. The paper considers the prerequisites for the current state-of-the-art, as well as the new economic policy agenda aimed at fostering innovation in various sectors, thereby suggesting improved policy directions. To implement the innovation-driven policy, the Korean government produced the framework for the Innovative Platform Programme (IPP), which covers a wide range of sectors related to Industry 4.0 like artificial intelligence and blockchain. For the IPP to be successful, the authors believe, it is vital to understand and resolve the trade-offs between contradictory policy priorities — innovation-led growth, income-led growth, and a fair economy.

https://doi.org/10.17323/2500-2597.2019.3.13.22
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