Patterns of technology catch-up in Korean private sector

Most studies on catch-up of Korean firms focus on large firms with scale-intensive manufacturing processes. New patterns of innovation have been observed through linkages of large firms and NTBFs (new technology based firms), necessitating theoretical extension. This paper argues catching-up patterns of latecomer industrialized countries are specialized via interaction of domestic industrial structure and technology-industrial characteristics of particular sector. Especially, dynamic capability building process of the firms as intermediaries with interaction of global industrial characteristics and local industrial structure would result in different patterns of catching up.