Service R&D Status and Policy Demands of Innovative Manufacturing Firms in Korea

Dae-Young Koh ()
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Dae-Young Koh: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 22-19, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: In order to establish effective policies, it is necessary to ascertain the status of service R&D in the manufacturing sector. We need to know which manufacturing firms participate in service R&D (service R&D participation), and which manufacturing firms make large investments in service R&D (service R&D investment). In addition, in order to establish a policy to revitalize service R&D at manufacturing firms, which is currently at a low level, it is necessary to understand what kind of support policies Korean manufacturing firms demand. Considering that, this study attempts to define the concept of service R&D in the manufacturing sector, and based on that, presents policy directions for revitalizing service R&D in manufacturing by identifying the status of service R&D and the policy demands of innovative manufacturing firms in Korea using survey data.

Keywords: service industry; service R&D; R&D investment; innovation; innovation policy; service industry policy; industrial policy; manufacturing; manufacturing policy; manufacturing innovation; service innovation; manufacturing-service convergence; convergence policy (search for similar items in EconPapers)
JEL-codes: D25 E22 L80 L88 O30 O32 O38 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2022-12-01
New Economics Papers: this item is included in nep-cse and nep-sbm
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