This paper analyzes the competitiveness in science and technology of Korea and the EU countries using an SER-M SWOT Matrix methodology. SER-M stands for the four major factors that determine the competitiveness of certain industries: subjects, environ...
This paper analyzes the competitiveness in science and technology of Korea and the EU countries using an SER-M SWOT Matrix methodology. SER-M stands for the four major factors that determine the competitiveness of certain industries: subjects, environments, resources, and mechanism. We apply the SWOT methodology to these factors and investigate the strength, weakness, opportunities, and threat of the four factors. The EU is strong not only in fundamental science, but also in futuristic, cutting-edge technological fields such as biotechnology, aerospace, and communications. The EU is actively investing in these fields through a common R&D program. Despite this activity, the EU seems to lack the innovative capability that is required to commercialize the results of this research. Korea has focused on developing the science and technology of new fields such as electronics, communications, machinery, biotechnology, and new materials. It has approached world leadership in the fields of semi-conductors, automobiles, and electronic products. However, a lack of investment in pure science research has led to difficulties in Korea developing its own new technology. After an analysis of their respective competitive positions, this paper suggests some strategies for cooperation between Korea and the EU.