How collaboration networks affect innovation in Korea’s information and communication technology industry in the era of Internet of Things

Innovation is the outcome of interactions among multiple actors and institutions. In actor-basedinnovation system studies, researchers have investigated with whom actors should collaborateto create innovation. In reality, however, actors do not choose their collaboration network onlybased on information at the actor level; they also consider ‘something’ specific that their partnermay possess. In the era of Internet Things, collaboration network is more important than everbecause it is getting more difficult for a firm to innovate alone, as information andcommunication technology (ICT) converges with other industries. This paper introduces afactor-based innovation system and then derives via an empirical analysis the effect of factornetworks in the innovation system on innovation with adaption to the Korean ICT industry.