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Korea:

A

Knowledge

Power

inthe

21st CenturyDaeWhanChang,Ph.D.Maeil

Business

Newspaper1Korea

:

The

Way

AheadIMFCorporate/

Financial

RestructuringRecoveryof

the

EconomyStabilizationinFinancial

and

Foreign

Exchange

MarketProblemsRising

Budget

DeficitDeterioratingIncome

DistributionRemaining

IssuesCompleting

RestructuringAchieving

SustainableGrowthReduce

Gov’tExpendituresDevelop

Social

Safety

NetRequire

StrongLeadership?Korea’s

Strategy

for

Sustainable

GrowthGlobal

Competition

New

Era

of

Information

Technology“The

Winner

Takes

it

All”Limits

of

Input

Driven

GrowthLabor

Decreasing

PopulationCapital

Excess

CapacitiesFocus

on

Core

CompetenciesDevelop

Knowledge-BasedEconomyCrucial

Economic

Indicators6.73.43.45.12.42.72.60.62.0Korea1.90.71.2JapanPotential

Growth

RateInput-DrivenProductivity-Led1991~20002001~2010*

Source

:

KDI,

Japan

Economic

ResearchHow

to

Develop

Knowledge-Based

EconomyDefining

KnowledgeGapKnowledgeNetworkKnowledgeInflowNational

KnowledgeSystemKnowledge

Based

Economy

in

21st

CenturyHow

to

Reduce

Knowledge

Gap?BuyHireAcquireDiscoverDevelopPurchaseRecruitUse

Partnership,InvestigateInvest

inInformationEmployeesM&A

andPotentialInternalor

KnowledgeWho

PossessAlliancesSources

ofInnovationfrom

OtherRequiredto

TransferExistingInstitutionsKnowledgeKnowledgeKnowledgeExternal

KnowledgeInternal

KnowledgeSocial

Incentives

and

RewardsPeopleCompaniesGov’tKnowledgeWorkersKnowledge

ManagementNational

KnowledgeSystemIncentives

&

RewardsKnowledge

NetworkingIndustryAcademiaR&D

System

&

EducationGov’tInvesting

&

FundingSupply

R&D

ResultsQuality

of

Research

CooperationFinlandSwitzerlandNorwayUSA11.

Taiwan16.

Japan19.

Korea••••••6.986.305.955.855.154.824.56Source

:

International

Institute

for

Management

Development,19971.

Insufficient

7.

SufficientAttract

Foreign

Knowledge

InflowBecome

World’s

Best

PartnerAdopt

Knowledge-Friendly

EnvironmentBuild

Knowledge

Investment

HeavenGet

rid

of

all

BarriersStrengthen

English

Education

ProgramsUse

English

as

a

2nd

LanguageBuilding

National

Knowledge

SystemKnowledgeNetworkKnowledgeInflowIncentives

&

RewardsKorea

:

A

Knowledge

PowerNational

KnowledgeSystemWhat

Can

Private

Sector

Do? (MBN

Case)“The

Vision

Korea

Project”:Maeil

Business

NewspaperThree

Major

Researches:RevitalizingtheKoreanEconomytowardthe21stCentury

(WithBooz

Allen

&Hamilton)Productivity-led

Growth

for

Korea

(With

McKinsey)Knowledge

for

Action

(With

Monitory)Characteristics

of

the

Researches:-PartnershipbetweenMedia-/Governments;MOFE,MOIC,MOCIE/Foreign

consultingfirms

(Overseaview)Lessons

from

the

Researches:“KoreanNationalStrategiesafterIMF=

Transformation

into

a

Knowledge

Driven

Economy”Vision

Korea

Project (MBN

Case)“Transform

Korea

intoa

Knowledge

DrivenEconomy”Leading

National

Action

Campaign:-Lab-Venture

Drive

(with

KOVA;

Korea

Venture

Business

Association)-Knowledge

Community

Campaign

(with

MOL;

Ministry

of

Labor)-KnowledgeWorkerCampaign(withKIET;KoreaInstituteforIndustrial

Economics

&

Trade,

KISDI;Korea

Information

Society

Development

Institute)-10

Million

Internet

ID

Holding

Campaign

(with

MIC

:Ministry

of

Information

andCommunication)-1

Million

Home

Page

Holding

Campaign

(with

MIC)-1MillionInvent-KidsCampaign(withKIPO;KoreanIndustrialProperty

Office)-Angel

Club

(with

KCCI

;the

Korea

Chamber

ofCommerce

&Industry)Vision

Korea

Project (MBN

Case)“Transform

Korea

intoa

Knowledge

DrivenEconomy”Educational

Endeavor:-Maekyung-KAIST

Knowledge

Management

Academy

(1,800

graduates)-Maekyung-KAIST

Chief

Knowledge

Officer

Program

(150

graduates)Citizen’s

Awareness

Projects:-KnowledgeWeek’98,’99:KMExpo,KMSymposium,OECD-World

Bank

SeminarWorld

Knowledge

Forum

in

2000“Shaping

the

New

Millennium

with

Knowledge”Purpose:Global

Knowledge

Sharing

for

Mutual

Prosperity

of

MankindOct

18

&

19in

2000

atSheraton

WalkerHill

Hotel,

Seoul8

Plenary

Meetings

and

39

SessionsHost:Maeil

Business

Newspaper

&

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