Building Competencies: The Korean Way


Code : COM0023

Year :

Industry : Engineering, Electrical and Electronics

Region : South Korea

Teaching Note:Not Available

Structured Assignment :Not Available

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Learning Through Imitation "Duplicative imitation of existing foreign mature products through reverse engineering characterizes the initial stages of industrialization. As industrialization gains momentum, the focus shifts to creative imitation, where in imitative products with new features are produced. And finally when the developing country falls in the league of advanced nations, focus shifts from imitation to original innovation".

Park Chung-Hee, the then president of Korea in 1961 pursued a single-minded program of industrialization and economic growth. He was assisted and advised by competent technocrats and researchers educated in the US. His approach was a blend of American and the Japanese Models...

Technology Building Gradually having mastered the intermediate technologies, the Korean Chaebols began to challenge emerging technologies for innovation. The innovation stage was characterized by basic research in universities, intense corporate R&D activities, and globalization of R&D and recruitment of high caliber personnel from abroad. Innovation requires generating new knowledge through learning and applying it creatively to produce competitive products and services. "Developing countries look to advanced countries to foster their knowledge base. Technology transfer acts as an efficient source for new knowledge of firms in developing economies". There was a paramount rise in the informal avenues of technology transfer in the 1990s. The Korean government provided for a variety of methods to assimilate technology: direct overseas involvement, international cooperation, foreign patents, cooperation between Korean and foreign companies, employing foreign nationals and foreign databases...

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