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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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