Approximately 40 companies in Korea joined the R&D innovation seminar held last month in Seoul, Korea. Hosted by KMAC, the leader in R&D consulting in Korea, the event had visitors from world leading enterprises in product development. CEO Kitayama of iTiD gave a speech on the issues and strategies the Japanese manufacturers are facing which are mainly in the early phases of concept design and planning. The speech was followed by questions by the leaders of Korean enterprises which showed continous agressiveness in expanding their strengths.

The iTiD INDEX is effective in identifying these issues and to understand the competitiveness of each phase. This global index is a benchmark which indicates the strengths and weaknesses of a product development organization. The data of current Japanese, North American and European companies will be expanded to include Korea in the near future.