South Korea to rebalance economy by boosting innovation, cutting red tape for business

South Korean President Park Geun-hye describes singer Psy as a symbol of the “creative economy” that she would like to champion for her country. Photo: AFP

South Korea said on Tuesday it was launching a three-year plan aimed at making its economy more attractive by focusing on innovation and cutting red tape for business.

Wednesday, 22 January, 2014, 5:14pm

Hong Kong is falling behind the innovation curve

Paul Yip says a look at cities like Shanghai makes clear the need for passion and new skills. Photo: AFP

Asian cities are developing to create a better quality of life, and those that go through technological and industrial innovation create new growth opportunities.

This was one theme of discussion at the recent Shanghai Forum, where I was among the 500 people gathered to discuss strategic issues for Asia's progress.

11 Jun 2013 - 10:03pm

More 'game changers' are coming, says Apple chief

Tim Cook has been beset by controversies as chief. Photo: Reuters

Apple chief executive Tim Cook, addressing questions about the company's ability to keep innovating in consumer electronics, said that his staff "has several more game changers" in the pipeline.

30 May 2013 - 3:33am

Hong Kong tech start-ups need more active help

Members of the Purpella team with Kevin Yeung (second from left, back row). Photo: Paul Yeung

Studying for his master's degree in 2008 at Stanford University, Daniel Cheng Yuen was struck by how fragmented information was when looking for campus club activities, which run into the thousands.

28 May 2013 - 3:30pm

Ben Bernanke's misplaced faith in innovation

Ben Bernanke says humanity's capacity to innovate is greater today than at any other time in history. Photo: Bloomberg

Ben Bernanke, chairman of the United States Federal Reserve, is an optimist about economic growth in the coming decades, rejecting "depressing" views about a slowdown and putting his faith in collaborative innovation driven by a jackpot culture for inventors.

24 May 2013 - 4:39am

Hong Kong Club should help innovator group

The HUB ( is an association of co-working spaces that currently number 38 globally, including three in Asia - Singapore, Seoul and Tokyo - with another 17 cities approved to open.

19 May 2013 - 3:55am

Global view vital for Greater China innovation

Illustration: Martin Megino

More than ever, innovation is key to achieving sustainable competitive advantage and growth, both for companies and countries. Together, Hong Kong, mainland China and Taiwan have made great strides in increasing their regional innovation capability in line with the priorities to boost indigenous innovation under the 12th five-year plan.

4 May 2013 - 4:56am

Tech firms lead the assault on batteries

A product from Nokia.

How many of us get more than 24 hours from our smartphone before it runs out of juice? The biggest barrier to mobile computing has been short battery life. The problem with power is portability.

19 Apr 2013 - 10:55am

China needs to break the barriers to innovation

Lenovo, the world's second-biggest maker of computers, is among the few Chinese companies known to Americans in a survey. Photo: Bloomberg

China's companies are taking to the world in leaps and bounds. But despite firms extending their reach with purchases and products, global Chinese brand recognition remains low. Part of that has to do with insufficient international experience and marketing, but much is also about a lack of innovation and creativity.

18 Apr 2013 - 3:18am 1 comment

A measurement of success in helping the world's poor

The Bill and Melinda Gates Foundation contribute much to the United Nations Global Fund to fight AIDS, tuberculosis and malaria. Photo: EPA

The lives of the world's poorest people have improved more rapidly in the past 15 years than ever before, and I am optimistic that we will do even better in the next 15 years. After all, human knowledge is increasing. We can see this in the development and declining costs of new medicines like HIV drugs, and in the creation of new seeds that allow poor farmers to be more productive.

7 Feb 2013 - 2:41am

China taking the innovation game to the West

Up the value chain

If, just half a decade ago, you had asked leading senior executives in the United States, Western Europe or Japan how they intended to cope with the rise of China, you would have got a familiar response: "We shall move higher in the value-added chain."

6 Feb 2013 - 4:16am 5 comments

Research lacks industry support, expert says

Roland Chin Tai-hong says the government should co-operate with industries and the financial sector on projects. Photo: Felix Wong

Hong Kong's investment in scientific research lags other developed economies in the region as well as the mainland partly because of a lack of contributions from industry, according to the former chairman of the Research Grants Council, Roland Chin Tai-hong.

7 Jan 2013 - 5:44am

China's first place for patents not quite the triumph it seems

Participants show the burglar alarm and GPS facility for vehicles during an exhibition on science, technology and innovation projects in Nanjing. Photo: Xinhua

Thank you to the reader who drew my attention to reports last month that China has overtaken the United States as the world's biggest filer of patent applications.

4 Jan 2013 - 4:01am 3 comments

China the first developing nation in a century to rival leaders of technology

College students show the skills of intelligent robots to convey objects during an exhibition on science, technology and innovation projects in Nanjing. Photo: Xinhua

According to the "World Intellectual Property Indicators 2012" released by the World Intellectual Property Organisation (Wipo) this month, China tops the world (in 2011, the most recent year for data) for patent applications, with some 526,400 filed, followed by the United States with almost 503,600 and Japan with 342,610.

29 Dec 2012 - 4:02am

The future is here now - and it looks pretty good

It has been 40 years since the last astronauts left the moon. That anniversary, which passed last week, has put some prominent technologists in a funk.

18 Dec 2012 - 2:33am