This study analyzes the difference between the post catching up innovation of latecomer countries versus the catching up of latecomer countries and the innovation by advanced countries through the adaptation of post catching up innovation To review the overall technology innovation strategy of leading companies m latecomer countries during their catching up and post catching up periods the case of the semiconductor business of Samsung Electronics Co (SEC) is analyzed In the last section of this study the policy implications of the case of Samsung Semiconductor are presented for latecomer countries