Creating and managing regional innovation network in Korea

The importance of network among university, industry and research institute can not be overemphasized. In the paper, the concept of university, industry, and research institute network was briefly reviewed and policy case study was done for the Gyeonggi Province in Korea. In the Gyeonggi Province, the Industrial Innovation Cluster Committee (IICC) policy was developed to promote the network among the industry, university and research institute. The IICC is approved by regional government with financial and managerial supports. The policy brought many positive effects in terms of R&D and information exchange. However, there are also some shortcomings. It is required to support the early creation of human network by providing more events and opportunities for the members of IICC to participate. Even with the risk of generalization, the experience of IICC can be applied to other regions and countries for the regional innovation promotion.