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The National Assembly Futures Institute publishes reports that predict and analyze the changes in the future environment based on a comprehensive perspective, and derive mid- to long-term national development strategies in consideration of the preferences of the citizens
(21-06) Towards a more resilient Korean innovation system: Investigating the innovation strategies for building resilience for the post-COVID-19 era

Date : 2021-12-31 item : Research Report 20-06 P.I : Yeo Yeong-jun

(21-06) Towards a more resilient Korean innovation system: Investigating the innovation strategies for building resilience for the post-COVID-19 era

Our socioeconomic system is facing grand challenges from the future environment, along with structural problems accumulated from the past. In particular, with the COVID-19, we were able to experience many changes in the economic system, in terms of global supply chains, industrial competitiveness, local communities, and society in general. Therefore, it is now time to establish a national strategy to prepare for a “new normal”, not simply discuss recovery. In order to promote the sustainable development of the socioeconomic system of the future, it is necessary to consider securing resilience capabilities with in-depth understandings of the characteristics of future environmental changes.

With this background, by combining quantitative and qualitative approaches, we have attempted to derive megatrend scenarios that characterize mid- to long-term socioeconomic changes in the post-COVID-19 era, and proposed policy alternatives for each scenario.

Accordingly, we have tried to explore various future possibilities by identifying the key drivers and their interactions which are related to the efforts to search for innovative alternatives to respond to socioeconomic changes in the post-COVID-19 era. Based on these quantitative findings, we have proposed 10 key megatrend scenarios such as, promotion of digital transformation for social innovation, wide spread of telemedicine ecosystem and relevant institutional changes, etc. In addition, by proposing policy options for each major scenario based on the qualitative approaches, we aimed to explore mid- to long-term policy directions to secure the transformative resilience capability of the Korean innovation system. We expect that the key findings of this study will provide opportunities to reflect on the direction to be taken for the recovery and great transformation of our socioeconomic system and to gather policy efforts.