Regional Revitalization through the Expansion of Smart Agriculture

Abstract

This study investigates the impact of regional innovation initiatives on economic development in South Korea. Through a comprehensive analysis, the study demonstrates a compelling relationship between regional innovation efforts and positive economic outcomes. Key findings reveal that regional innovation activities led to significant improvements in the region's economic prowess, as evidenced by increased GRDP, investment levels, and average monthly wages. Research and development (R&D) expenditure and local government spending were identified as key drivers of economic revitalization, further contributing to enhanced employment rates in most regions. The study concludes that regional innovation plays a critical role in boosting the overall competitiveness of a region. By fostering economic growth, generating employment opportunities, and attracting investment, regional innovation initiatives pave the way for sustainable local development. This paper is highlighting the positive impact of regional innovation on economic development in South Korea.