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Convergence innovation of the textile machinery industry in Korea

Title
Convergence innovation of the textile machinery industry in Korea
Authors
Lee, Kong RaeYun, Jinhyo JosephJeong, Eui Seob
DGIST Authors
Lee, Kong RaeYun, Jinhyo Joseph
Issue Date
2015
Citation
Asian Journal of Technology Innovation, 23, 58-73
Type
Article
Article Type
Article
Keywords
Convergence InnovationKoreaSpecialised Textile Machinery SuppliersTextile FirmsUser Firms
ISSN
1976-1597
Abstract
This paper aims to explore why the Korean textile machinery industry failed in competence building although its strong user sector, the textile industry of Korea, was once ranked high with strong competence. It argues that local user firms of the textile machinery industry did not play a role in building up the competence of specialised suppliers through convergence innovation. The diversity of textile machinery is so large that their convergence types of innovation are distinctive in creating new functions and products. The convergence innovation between the two industries and the resultant positive synergy has not been generated much in Korea. Strong user firms rather escaped from cooperative work with specialised suppliers, which otherwise may have generated convergence innovation and strengthened their competence. Weak convergence innovation by both textile firms and specialised suppliers caused their economic activities concurrently downturned. The Korean textile machinery industry and its user sector have lost their competence in relatively short period. © 2015 Korean Society for Innovation Management and Economics (KOSIME).
URI
http://hdl.handle.net/20.500.11750/5216
DOI
10.1080/19761597.2015.1011260
Publisher
Routledge
Related Researcher
Files:
There are no files associated with this item.
Collection:
Convergence ScienceManagement of Innovation Program1. Journal Articles
Convergence Research Center for Future Automotive Technology1. Journal Articles


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