In the Republic of Korea, the science park development
began to gain momentum in the 1970s when the Daedeok
Science Town (Daedeok Innopolis, since 2005)1 was established
as a national R&D center. In particular, the Daedeok
Science Town was intentionally created as an engine of
enhancing the national competitiveness of high technology
and economic prosperity through the agglomeration of
research institutes and universities in a planned science city.
It brings together many national and regional development
policy efforts from the last forty years to achieve technologybased
economic growth and regional innovation. In addition,
in the early 2000s, Korea’s regional innovation policy
has been targeting the innovative cluster as one of critical
instruments to achieve sustainable development through
networked collaboration between HEI’s, research institutes,
industries and government. It is highly regarded that
Daedeok Innopolis is playing a crucial role as a regional platform
for a comprehensive approach to technology-based
regional development in a sustainable context. Daedeok
Innopolis (new name) has undergone continuous selfrenewal
over the past forty years to better respond to the economic demands of the nation.