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title: "Center for Korean Innovation and Competitiveness"
canonical_url: "https://itif.org/centers/korea/"
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# Center for Korean Innovation and Competitiveness

Korea faces new challenges in the technology and innovation-driven global economy. Its productivity growth has slowed as its worker-to-retiree ratio has plummeted. Too few new innovation-based companies are growing to scale. And Korea has not yet fully transitioned from a “fast follower” to a global innovation leader. Meanwhile, like other industrialized economies, Korea now faces intense competition from China, which is pursuing a state-directed strategy to dominate the world’s advanced industries by any means necessary. These challenges are daunting but not insurmountable. Solving them requires the right policies. To develop and implement such a framework, Korean policymakers need actionable insights derived from deep analysis of Korea’s unique production systems, industry dynamics, and technologies, while incorporating global best practices for effective innovation policy.

That is the mission of the Center for Korean Innovation and Competitiveness. As part of the Washington, DC-based Information Technology and Innovation Foundation—the world’s leading think tank for science and technology policy—the Center conducts research and develops policy solutions to help Korean policymakers drive Korean innovation, productivity, and global competitiveness.

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*Source: Information Technology & Innovation Foundation (ITIF)*
*URL: https://itif.org/centers/korea/*