Peculiarities of Korean national innovative system development: experience for Ukraine during transformation of innovative processes
Authors: Fedulova Liubov , Sovershenna Iryna 
Published: May 2020

Purpose. The aim of the article is to identify the key features of the innovative system formation in the Republic of Korea, to evaluate its advantages and disadvantages in the way of transformation of innovative processes taking into account the trends of global economic development. Moreover, it is crucial to identify the main trends in development of the Korean innovative system for the innovative development of Ukraine that is experiencing the modernization of its public administration.

Research methodology included the application of the theory and the practice of innovation as well as the concept of national innovative systems (NIS), the principles of economic and technological paradigm as a methodological basis for the analytical assessment; methods of systematic approach, analogy and goals structuring, generalization – for identification of the key determinants of NIS development and development of proposals for innovative policy improvement as a component of state strategy of social and economic development of Ukraine.

Findings. The research has identified the success factors of South Korea's National Innovative System (NIS), namely: close cooperation between the state, business and the scientific community in shaping and realizing national innovative potential; leading role in the innovative process of large financial-industrial groups; models of technology transfer, creation of innovative and creative clusters; the strategic role of the state in regulating the innovative system.

In addition, the research has singled out NIS deficiencies which determine the further course for the transformation of innovative processes, namely: the need for further institutional restructuring of large corporate structures, the lack of development of venture capital institutions, the need to develop their own innovative potential in the sectors of creative and digital economies as well as science and technologies. The basic lessons that can be learned from the experience of the Republic of Korea are formulated and substantiated for the formation of the newest model of the national innovation system in Ukraine on conditions of modernization of its public administration.

Originality. Scientific novelty of the research comprises identification and substantiation of the specific features of national innovative systems based on the example of the NIS in the Republic of Korea and deepening the scientific, theoretical and practical provisions of a new innovative policy taking into account the possibilities of its implementation in the context of modernization of public administration in Ukraine.

Practical value. The practical significance of the research results is conditioned by the possibility of using the findings and recommendations developed within the framework of the innovative strategy for the development of the Ukrainian economy. The problems and limitations of the current Korean NIS, identified during the research, warn against such mistakes in the implementation of the innovative strategy in Ukraine which will allow the authorities that are responsible for managing innovation processes on different levels to put them in place more accurately when forming the appropriate innovation mechanism as a component of strategic innovation development - technological cooperation, to develop and implement innovative programs within the framework of integration of the Ukrainian economy into the global world.
Key words: national innovative system; Republic of Korea; scientific and technological potential; innovative policy; public administration.