A private sector initiative in establishing a science and technology park: the case of POSCO-RIST-POSTECH

Summary form only given. The authors examine different types of linkages among industry, universities, and R&D institutes in Korea. An S&T (science and technology) park is but one example of such linkages identifiable by geographical boundaries. A private sector initiative in establishing a S&T park in Pohang, South Korea, is discussed. Although there were problems of status and goal incongruence and lack of shared values in the early year of the linkage, the system seems to be working after three years of trial and error. Some measures such as the establishment of the office of RIST-POSTECH-POSCO cooperation and exchange of personnel in the form of adjunct professors and adjunct researchers were taken to promote more harmonious working relationships.<>