Comparative strategic analysis of innovation in Turkey with South Korea

The changes in the values and understanding of competition today subject companies, regions, and even whole countries to the concept of innovation, which has numerous social and political effects. In this context, the competitive position of a country is determined as a result of the successful implementation of national innovation policies that play an active role both in the specification of the factors that play a role in the processes of innovation and in the regulation of the relationships with these factors. This is why the concept of innovation has become an important issue in terms of efficiency in the public and private sectors and of high economic returns. The purpose of the study is the examination of the national systems and policies of South Korea, which achieved success in the process of nurturing technological developments and which began to implement policies of innovation simultaneously with Turkey, and the comparison of these with the policies of innovation in Turkey. The study aims in this sense to present the development, importance, and results of the concept of innovation around the World and in Turkey. In this respect, the evolution of innovative work in Turkey and South Korea were examined through of case studies, and a comparative SWOT analysis of both countries in terms of innovation was presented. It was seen, as a result of this comparison between the two countries, that South Korea has been more successful compared to Turkey in the process of cultivating technology. At the end of the study, the policies of innovation implemented in Turkey and the inadequacies in Turkey's national system of innovation were considered, and some recommendations were attempted to be developed in the framework of the successful practices of South Korea, whose innovation policy was focused on private-sector R&D applications that are strengthened with public support.