Innovation Spaces in Asia
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Innovation Spaces in Asia

Entrepreneurs, Multinational Enterprises and Policy

Edited by Maureen McKelvey and Sharmistha Bagchi-Sen

Innovation Spaces in Asia provides insight into how and why Asia is poised to impact global innovation. Asia is undergoing rapid developments in markets, sources of technology and user preferences. A key characteristic of the book is the rich empirical understanding of the dynamic processes, involving the strategic decisions of firms and entrepreneurs with the broader socio-economic environment in terms of institutions, markets, knowledge and innovation systems. Innovation spaces are analyzed within Asian countries and firms, from Asia to the world, and from the world to Asian countries.
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Chapter 7: Manoeuvring global innovation spaces: an explorative case study of a Korean entrepreneurial venture in nanotechnology

Astrid Heidemann Lassen and Dmitrij Slepniov


This chapter analyses the development of innovation space for nanotechnology within Korea, by applying the framework developed in Chapter 6 about the relationship between entrepreneur and national innovation system. In recent decades, South Korea has earned a reputation as one of the fastest-growing economies in the world (Lee, 2013). Korean companies, such as LG, Samsung, Daewoo, Hyundai and Kia Motors, have established themselves as world-dominating conglomerates, highly successful in developing and introducing advanced technology solutions as well as exploiting their access to low-cost labour in the Asian regions. The success of such companies has been driven by a strategically prioritized industrial policy in Korea, which has enabled very dedicated and resourceful efforts in prioritized areas. While undoubtedly a highly successful approach, it has also had very particular effects on the national innovation system in Korea. Today, the top-ten largest Korean companies [chaebols] account for more than 80 per cent of Korean gross domestic profit (GDP), and this figure is growing.

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