CLUSTERS AS MAIN DRIVERS OF COMPETITIVENESS: VIEW FROM SOUTH KOREA

One of the most common methods of economic development used in developed countries is a clustered approach. The concept of cluster development is based on the interconnection of institutional structures, investment, scientific, educational and public organizations in the region. Today, Asian countries as Japan, China, and South Korea are the global leaders in the cluster development. The formation of clusters in the high-tech industries also contributes to the development of the economy and service sectors, ensures its competitiveness. Another most important city in the country s innovation activity is the Daedeok city. Also, it must be mentioned that the government of the country pays special attention to the development and strengthening international cooperation on cluster development. This, in turn, will contribute to further development of innovation activity in South Korea and will create more opportunities to ensure the national competiveness of the country. Therefore, clustering of the economy is found in many developed and developing countries of the world. Hence, clustering is observed in many developed countries of the world. For example, the economies of the Northern European countries are fully covered by clusters, among which lead the clusters of forestry, biotechnology, pharmaceuticals and communications.