Appropriability of Innovation Results: Case of the Korean Industry

Innovation strengthens the company's competitiveness and moreover, it greatly contributes to the country's economic growth. Now, the importance of innovation is higher than ever before. Global enterprises innovate to survive in cutthroat competition environments, and interests in output of innovation, appropriability are increasing day by day. Appropriability refers to the degree of abilities to protect and secure profits of technical innovation exclusively. In spite of the importance of appropriability, related research is lacking in South Korea. In some industries, R and D strength approached the level of advanced countries, and they are jumping to a level on which they can be technologically competitive, so it is judged that such a study is possible. Thus, this study attempted to examine what strategies domestic enterprises take in innovation among eight appropriability mechanisms. For this purpose, a survey was carried out on the appropriability securing strategies for R and D of the domestic enterprises and the results of comparison with advanced research were proposed.