This research conducted a literature review on technology transfer & commercialization in Korea by
systematical analysis. R&D of technology is a foundation of national economic development. To realize its
value, it must be integrated into products through successful technology transfer and commercialization to
sell in the market. There were various variables suggested by many researchers as success factors of
technology transfer and commercialization. In this review, 12 basic success factors influencing the success
of technology transfer and commercialization are derived by applying contents analysis method. Based on
the results of 103 previous studies, the four factors were found as the most important key success factors:
technology diffusion capacity, cooperation partnership, R&D capability, and technology commercialization
capacity. Through this study, it is meaningful to suggest the directions for the future research, to provide
better understanding of the success factors of technology transfer and commercialization, to provide policy
and practical implications.