Prioritizing the Critical Factors Associated with the Regional Innovation System (RIS) in Korea, with Particular Reference to Daedeok Valley

This paper makes a contribution towards identifying the main factors behind RIS and prioritizing them in terms of relative importance in operating RIS. The paper reports on a survey of 30 people, made up of 10 government employees, 10 researchers working either in research institutes or universities, and 10 managers of firms. All of who have been strongly involved in networking between firms, research institutes, universities and government institutions, in a research-and-venture complex in Korea called Daedeok Science Town. At this location 1,000 venture firms, 50 government-funded research institutes, 30 private research institutes and 4 higher education facilities are located. The survey was carried out in late 2004 to elicit detailed information about the factors that affect the operation of RIS.