The Regional Innovation System (RIS) construction in Korea has been promoted for regional economic development under the supports of the central government. The strategy of the RIS is the growth of regional economy and business innovation by extending...
The Regional Innovation System (RIS) construction in Korea has been promoted for regional economic development under the supports of the central government. The strategy of the RIS is the growth of regional economy and business innovation by extending the regional structural flexibility, establishing the local identity and driving the environmentally sound and sustainable development. This paper attempts to get a brief sketch of the current characteristics and limits of the Jeju RIS construction. And this paper discussed some issues of direction and problem of Jeju-do innovation centering on building a Regional Innovation Committee, regional industry strategy, and New University for Regional Innovation.
It can be understood that the RIS is related to the concepts of innovation systems, clusters and networks, which contribute to the development of regional industry by boosting innovations. And the region-specific innovation system is important because of various industrial conditions and potentials of each region. But Korean central government has done discordant regional industry policy such as overlapping and breakup investment in regional economic development. Moreover, the construction of RIS has been propelled by the public-led in the level of region. Therefore, the construction of good local governance and local democracy as an institutional base for regional innovation is needed within the framework of regional innovation system.