Abstract—As knowledge is key resource in national growth, understanding the distribution of intellectual capital across the national economic sector should precede national policy making for the strength of national competitiveness. This study measure the value of intellectual capital and patent using dataset covering financial statements of 18,733 firms and 214,405 firm-year observations in the period of 1995~2011. The resulting value of intellectual capital is 57.4 billion Korean won in 2010, which is about 52.1% of GDP. And the patent related value in intellectual capital is 4.5 billion Korean won, which is 8% of intellectual capital and 40% of structural capital of a firm in average.
Index Terms—Intellectual capital, CIV, capitalization, patent.
So-Jin Lim is with Korea Institute of Intellectual Property, South Korea (e-mail: email@example.com).
Cite:S. Lim and T. Ryu, "The Economic Value of Intellectual Capital and Patents in South Korea," International Journal of Trade, Economics and Finance vol. 4, no. 4, pp. 182-186, 2013.