An analysis of patent applications and usage suggests South Korea has world-leading levels of technology and innovation capacities for the information and communications technology (ICT) revolution, but is relatively lacking in innovation capacities for the Fourth Industrial Revolution (4IR). The findings were published on Jan. 11 in a paper titled “The Fourth Industrial Revolution and South Korea’s Innovation Capacities: A Patent Data-Based Comparative Analysis by Country and Technology, 1976–2015” by Seoul National University (SNU) economics professor Lee Ji-hong, SNU master’s candidate Im Hyeon-gyeong, and Bank of Korea Economic Research Institute associate research fellow Jeong Dae-young.
Image: http://english.hani.co.kr
