Since motivated in large part by Michael Porter's "Competitive Advantage of Nations," cluster-based economic development has become an increasingly popular topic for both researchers and policy-makers. In line with this trend local governments as well...
Since motivated in large part by Michael Porter's "Competitive Advantage of Nations," cluster-based economic development has become an increasingly popular topic for both researchers and policy-makers. In line with this trend local governments as well as central government of Korea have strarted building industry clusters appropriate for their environmental settings. Chungbuk Province in particular, recently attempts to create environment to foster SW industry. However, this objective is hardly to be achieved unless systematic approach with strong intention is developed and introduced. This is not only because the infrastructure of SW industry in the region still remains at toddler stage but because Daeduk Valley with higher edge in terms of the SW industry ecology is located in the vicinity. This study thus aims to compare the growth portentials of SW industry of the two regions in terms of the critical factors such as localization, networking, embedded institutional thickness, collective learning, and innovative synergy for industry clustering. To achieve this goal an empirical study was conducted for the status quo of software industry in Chungbuk Province and Daeduk valley, and some implications were drawn.