The Effect of Regional Innovation Type on the Pursuit of Open Innovation in Korean Firms

Abstract

The purpose of this study is to empirically investigate the firm- and regional-level determinants of a firm’s adoption of open innovation practices. In particular, we categorise sixteen Korean regions into seven regional innovation types to account for each regions’ varying innovation conditions. Using data from the Korean Innovation Survey and a hierarchical linear model, we find that firm-level factors such as firm size, R&D innovation capability and the number of networks for absorbing external knowledge and regional-level factors such as local government R&D funds matching had a significantly positive effect on open innovation. We also find that of the firm-level determinants, the number of networks had a strong effect on open innovation, and that this differed by regional innovation type. Based on these findings, we argue that innovation policy should strive to stimulate open innovation through measures that take each region’s innovation resources and environment into account, rather than attempting to look for a single optimised model for all regions.

Identification of R&D Paradox after the Global Financial Crisis: Korean Case Focusing on the Smart Convergence and Conventional Industries

“…The government can implement differentiated funding policies to increase each awardee firm’s total factor productivity (Qi & Yang, 2021). Furthermore, the government should strive to connect local innovation resources and promote an open innovation system, maximising the national innovation capacity (Yoo & Kwak, 2016).…”

Implementation of Chatbot in Online Commerce, and Open Innovation

“…In different chatbot applications, all of this must be taken into account, as the sociocultural characteristics of each country or region will determine the importance of chatbot use. In line with this, reference should also be made to the studies of Yoo and Kwak [17] and Yun et al [53] which investigate in depth the cultural and regional characteristics of open innovation that are fundamental when implementing a chatbot, as indicated above.…”

“…The main advantage compared to a few years ago is that companies are striving to improve open innovation through measures that include innovation resources and the environment of each region [17].…”