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Springerplus. 2016 Jul 11;5(1):1039. doi: 10.1186/s40064-016-2712-5. eCollection 2016.

Determinants for the success of regional ICT ventures: a close examination of South Korea.

Author information

1
Korea Institute of Civil Engineering and Building Technology (KICT), Goyang, Republic of Korea.
2
Department of Media and Communication, City University of Hong Kong, Kowloon, Hong Kong.
3
Department of Business Administration, Dongguk University, Gyeongju, Republic of Korea.
4
Korea Advanced Institute of Science and Technology (KAIST), N5 2111, KAIST College Building 2, 291 Daehak-ro, Yuseong-gu, Daejeon, 34141 Republic of Korea.
5
Department of Interaction Science, Sungkyunkwan University, Seoul, Republic of Korea ; University Jaume-I, Castellón, Spain.
6
Korea Advanced Institute of Science and Technology (KAIST), N5 2111, KAIST College Building 2, 291 Daehak-ro, Yuseong-gu, Daejeon, 34141 Republic of Korea ; Daejeon Technopark, Daejeon, Republic of Korea.

Abstract

BACKGROUND:

This study identifies the key motivational factors in enhancing economic performance and increasing new job opportunities for information and communication technology ventures (ICTVs) in South Korea and examines their potential causal relationships through structural equation modeling analysis on data collected from over 200 ICTVs located in Daedeok Innopolis.

RESULTS:

The results indicate that the economic performance of ICTVs is determined mainly by government support, innovation effort, and private equity and support. Government support and innovation effort are also positively associated with new job opportunities.

CONCLUSIONS:

The theoretical, industrial implications of the key findings, and recommendations for the Korean government are discussed.

KEYWORDS:

Daedeok Innopolis; Economic performance; Government support; ICT venture; Innovation effort; Job opportunity

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