Research Presentations - Yun Bae Lim and Jong Soo Paek

Wednesday, November 12, 2014
12:00 PM - 1:15 PM
(Pacific)

Philippines conference room

Encina Hall, Third Floor, Central

In this session of the Shorenstein APARC Corporate Affiliate Visiting Fellows Research Presentations, the following will be presented:

 

Yun Bae Lim, Samsung Life Insurance, “Demographic Changes in Korea:  How to Cut Through the High Seas”

Particularly in industrialized countries, people are living longer, while birth rates are declining.  Today, the average Korean lives longer than the average citizen in developed nations (as represented by the members of the OECD).  This is a significant milestone for a country that back in the 1960’s had a life expectancy of 52 years, which was amongst the lowest in the world. 

In his research presentation, Lim will focus on these demographic changes and the effects such as the decrease in the producing population, the increase in the total dependency rate and the shrinking potential growth rate.  Lim will offer some policy-related solutions to address this critical issue.

 

Jong Soo Paek, Samsung Electronics, “Open Innovation in the Electronics Industry”

Many companies in the electronics industry are struggling to survive because of lack of demand, low profit, etc.  Companies are also failing to make new innovative business while existing businesses are showing their limitation in terms of growth potential.  As a result, customers are seeing the electronics industry is not innovative. 

To overcome this hurdle, the open innovation model has become more popular replacing the closed innovation model in the past.  The open innovation model is a kind of process or strategy, in which companies can increase new ideas and technologies flowing into their innovation funnel by searching external sources and integrating them with internal ideas and resources.

Even though the open innovation model is really powerful, in reality, for large companies with Asian legacy and culture, it is not an easy task to manage.  There are many issues that undermine the success rate and effectiveness of open innovation such as closed-minds, the NIH syndrome, internal resistance, lack of capabilities necessary and so on.  Through his research presentation, Paek will discuss some solutions that are suitable for large, Asian companies like Samsung Electronics.