- Fraunhofer is a leading applied research organization in Germany that works closely with industry and academia. It has over 60 institutes and 18,000 employees conducting contract research. - Fraunhofer has a representative office in Seoul to collaborate with Korean partners on issues like renewable energy, electronics, and new materials. The document discusses opportunities to learn from each other's innovation systems. - Both Germany and Korea invest heavily in research and development, though each country also faces challenges like rigid labor markets or maintaining competitiveness in global markets. The Fraunhofer model of applied research and technology transfer provides lessons for national innovation.