Because R&D conducted in electronics and chemistry has made significant contributions to South Korean economic development,
past strategies in technology developments in these fields are addressed. The possibility of capturing national technology
strategy and policy characteristics from patent analyses is explored. For the analysis, data were analyzed from 557 US patents
in electronics and 108 US patents in chemistry, registered by Korean inventors, between 1989 and 1992. Descriptive statistics
of aggregated patent information were equivalently mapped to each strategy in the two fields. Industry-specific features and
past technology strategies in electronics and chemistry are identified. Electronics was driven by the private sector, while
chemistry was driven by the public sector. Inventors in both fields are seeking clustered innovation on which subsequent innovation
can be accumulated and/or applied to numerous heterogeneous fields. Contrary to the stated assumption, many Korean electronic
innovations were based on scientific outputs such as papers. Of the knowledge strategy variables, size of invention and number
of heterogeneous classifications are considered to be an important factor that affects patent citation counts in both fields.
The era of open and sustainable innovation has opened and requested new kinds of human resources (HRs) development at Korean universities. Typical academic and vocational education at universities does not effectively work in the age of technological convergence and open innovation. Knowledge and skills for Green growth and rapid technological innovation demand very skilful, broad, and complex competencies of HRs. Competencies for green growth and disruptive innovation are outlined and various methods to increase competencies at Korean universities are suggested in this study. This study explores the kinds of competencies for future society and suggests how university can contribute to cultivate talents for HRs with multi-functional and high competencies. The author takes a sketch of competence and skill structure in Korea, summarized in value chain of competencies among HRs with high competencies, HRs with medium competencies, and HRs with low competencies. Particularly the author addresses innovation oriented fields such as engineering and chemistry/pharmaceuticals, therefore, the picture can be different from typical manufacturing sectors such as automobile and shipbuilding. However, the manufacturing fields are also progressing into innovation centred sectors. And then the author explores the flow of each HRs according to levels and fields and how they affect Korean innovation system.
The quality and value of a patent can be represented by several proxies, such as how often the patent is cited in other patents,
whether it is licensed, and the age of the patent. The paper uses a binary choice model to investigate factors affecting patent
licensing, and it uses double-bounded tobit and duration models to investigate factors affecting patent life. Explanatory
variables and dependent variables are extracted from U.S. patent information and related data. Findings suggest research collaboration
has a positive effect on both patent licensing and patent life. Other characteristics such as invention size, namely, the
scope of the invention measured by number of claims, and organizational technological cumulativeness, measured by self-citation
counts, also affect patent life.
The paper investigates three aspects of patent value - technological value, direct economic value, and indirect economic value.
The paper suggests that we measure the technological value of a patent by looking at its number of citations, direct economic
value by looking at its licensing and income from royalties, and indirect economic value by looking at its life (i.e., duration).
For the research, the author’s two previous studies are deeply explored. It is found that these three aspects of patent value
are positively correlated with one another. In addition, their domains overlap and interrelate. Research collaboration is
the one variable found to have a significant effect on all three aspects. The field effect of electronics positively affects
technological and indirect economic value, whereas research team size negatively affects technological and indirect economic
In recent years, firms have increased their use of internal and external knowledge through intermediaries. Knowledge brokers
match buyers and sellers in the technology marketplace as well as connect and combine existing knowledge. We discuss how financial
incentives in the technology marketplace can address challenges to open innovation, and how the marketplace could make individual
inventors essential contributors. And then, we identify the key determinants of intellectual-property auction bids and different
characteristics of auctioned and non-auctioned patents. Relevance, the scope of patents, and other factors suggested in the
literature impact patent auctions, as mediated by knowledge brokers.
Authors:Yong-Gil Lee, Jeong-Dong Lee, Yong-Il Song, and Se-Jun Lee
Patent citation counts represent an aspect of patent quality and knowledge flow. Especially, citation data of US patents contain
most valuable pieces of the information among other patents. This paper identifies the factors affecting patent citation counts
using US patents belonging to Korea Institute of Science and Technology (KIST). For patent citation count model, zero-inflated
models are announced to handle the excess zero data. For explanatory factors, research team characteristics, invention-specific
characteristics, and geographical domain related characteristics are suggested. As results, the size of invention and the
degree of dependence upon Japanese technological domain significantly affect patent citation counts of KIST.