Abstract: This paper analyzes innovation trends in South Korea
by means of the number of patent applications filed by residents and
nonresidents during the period 1965 to 2012. Making use of patent
data released by the World Intellectual Property Organization
(WIPO), we search for the presence of multiple structural changes in
patent application series in this country. These changes may suggest
that firms’ innovative activity has been modified as a result of
implementing some science, technology and innovation (STI)
policies. Accordingly, the new regulations implemented in this
country in the last decades have influenced its innovative activity.
The question conducting this research is thus how STI policies in
South Korea have influenced its innovation activity. The results
confirm the existence of multiple structural changes in the series of
patent applications resulting from alternative STI policies
implemented during these years.