Mac does not recognize DJM-S3

It was recently discovered that some users may experience problems with some Pioneer DJ software and drivers under certain conditions.
Pioneer DJ is currently investigating this issue to detect the root cause, but there is a valid work around.
Please see the effective workaround from this link.
(OS X 10.9 and DDJ-ERGO are used as an example in the link. You may replace the name with the model and OS Version you use when you go through the steps.)