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....

Due to the structural low-growth around the globe and the advent of the 4th Industrial Revolution, industrial and regional policy see a paradigm shift. Industrial policies shift from ‘picking or backing winners’ to ‘matching winners’. ‘Matching winners’ industrial policy aims to...