IDEAS home Printed from https://ideas.repec.org/p/ris/kieter/2019_015.html
   My bibliography  Save this paper

Design-Convergent R&D in Korea and Policy Implications

Author

Listed:

Abstract

Design-centered innovation is based on consumer needs, pain points, and latent desires. Its major strength is that products developed through this approach are more likely to succeed in the market. While innovation is shifting rapidly from a technology-centered approach to a user- and consumer-centered one, the importance of design in R&D activities continues to increase. Nam (2012) suggests that convergence design should be developed because it could improve industrial competitiveness and the sustainability of industrial technologies. Convergence design maximizes consumers’ utility and the economic value of products by combining knowledge, technology, function, and aesthetics. Nam shows that industrial technologies are more competent when utilizing creativity in design, and emphasizes the convergence potential of design and technology as a new growth engine. Industrial-technological design convergence is considered the best way to satisfy contemporary consumers who have complicated and multilayered desires. For this reason, the necessity of design-convergent R&D has emerged from the early stages of R&D planning. In Korea, the importance of design-convergent R&D has become particularly evident in product development. Accordingly, related support programs are being operated by government departments such as the Ministry of Trade, Industry and Energy, the Ministry of SMEs and Startups, and the Korean Intellectual Property Office. This study reviews the significance and necessity of design-R&D convergence amid a decline in manufacturing and advancements in IT and examines the application of design in private sector R&D and government support for design-technology convergence. We use survey data of Korean companies that engage in R&D in analyzing the current status of design-technology convergence in Korea and the R&D outcomes that such convergence has produced. The purpose of this study is to provide innovative policy recommendations based on findings related to the achievements of design convergence in domestic industries.

Suggested Citation

  • Sung, Yeolyong, 2023. "Design-Convergent R&D in Korea and Policy Implications," Industrial Economic Review 19-15, Korea Institute for Industrial Economics and Trade.
  • Handle: RePEc:ris:kieter:2019_015
    as

    Download full text from publisher

    File URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4197731
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    design innovation; design convergence; design technology;
    All these keywords.

    JEL classification:

    • L84 - Industrial Organization - - Industry Studies: Services - - - Personal, Professional, and Business Services
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:kieter:2019_015. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aaron Crossen (email available below). General contact details of provider: https://edirc.repec.org/data/kiettkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.