This report reviews the Korean catching up and it analyzes the recent reforms which have been put in place to address the territorial dimension in the design and implementation of industrial policies, with a view to share knowledge and policy experience with emerging and developing economies. Korea is a well known success case, but less is known about the efforts and reforms introduced to factor in the territorial dimension in its national development strategy.  

The report identifies the advances and challenges of the Korean approach to regional development. Results show that beside the specificities of the Korean experience it conveys several lessons for developing countries: i) Planning actions on a multi-annual basis is essential to achieve policy goals in fields such as industrial and regional development where policy outcomes depend on structural changes that will require long term horizons to be materialised and where coordination across several ministries (such as education, infrastructure and access to finance) is needed. ii) It is important to establish mechanisms that ensure a high level political support to regional development as well as to target resources to regions. iii) Supporting industrial development in regions requires designing specific programs beyond administrative boundaries. iv) The space for bottom up initiatives and regional empowerment has to be matched by a gradual approach to build the necessary capabilities at the regional level.

Acronyms and abbreviations
Preface
Executive summary
Chapter 1. The success of Korea’s “catching up” strategy
-Introduction 
-High growth and rising income per capita
-Structural change and export orientation
-Technological catching up and skills development
-Regional development patterns
-Conclusions
-References
-Annex 1.A1. Transformation of manufacturing industry, Korea, 1970-2009
-Annex 1.A2. R&D trends, Korea, 1980-2009
-Annex 1.A3. Demographic indicators by province, Korea, 1970-2010
Chapter 2. Regional development policy in Korea
-Introduction
-Regional development: a recent priority in the national agenda
-The institutional framework for regional policy
-A rapid catching up in the regional policy paradigm
-The current policy mix for regional industrial development
-Conclusions
-References
-Annex 2.A1. Evolution of regional development policy: Brazil and European Union
-Annex 2.A2. Techno parks in Korea
Chapter 3. What can be learned from the Korean experience?
-Introduction
-Prioritising regional development in the national agenda
-Factoring in the regional dimension in industrial policies
-Looking ahead: current challenges in regional development in Korea
-Conclusions
-References
-Knowledge sharing for development: A Brazilian perspective on the Korean experience