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1、Korea: A Knowledge Power in the 21st CenturyDae Whan Chang, Ph.D.Maeil Business Newspaper1Korea : The Way AheadIMFCorporate /FinancialRestructuringRecovery ofthe EconomyStabilizationin Financialand ForeignExchangeMarketProblemsRising BudgetDeficitDeteriorating Income DistributionRemaining Issues Com

2、pleting Restructuring Achieving Sustainable GrowthReduce GovtExpendituresDevelop SocialSafety NetRequire StrongLeadership?Koreas Strategy for Sustainable GrowthGlobal CompetitionLimits of Input Driven Growth New Era of Information Technology “The Winner Takes it All” Labor Decreasing Population Capi

3、tal Excess CapacitiesFocus onCore CompetenciesDevelopKnowledge-BasedEconomyCrucial Economic IndicatorsKoreaJapanPotential Growth RateInput-DrivenProductivity-Led1991200020012010* Source : KDI, Japan Economic ResearchHow to Develop Knowledge-Based EconomyDefiningKn

4、owledgeGapKnowledgeNetworkKnowledgeInflowNationalKnowledgeSystemKnowledgeBased Economyin 21st CenturyHow to Reduce Knowledge Gap?BuyHireAcquireDiscoverDevelopPurchaseInformationor Knowledgefrom OtherInstitutionsRecruitEmployeesWho PossessRequiredKnowledgeUse Partnership,M&A and Alliancesto TransferK

5、nowledgeInvestigatePotentialSources ofExistingKnowledgeInvest inInternalInnovationExternal KnowledgeInternal KnowledgeSocial Incentives and RewardsPeopleCompaniesGovtKnowledgeWorkersKnowledgeManagementNationalKnowledgeSystemIncentives & RewardsKnowledge NetworkingIndustryAcademiaR&D System & Educati

6、onGovtInvesting & FundingSupply R&D ResultsQuality of Research Cooperation1. Finland2. Switzerland3. Norway4. USA11. Taiwan16. Japan19. Korea6.986.305.955.855.154.824.56* Source : International Institute for Management Development,1997* 1. Insufficient 7. SufficientAttract Foreign Knowledge InflowBe

7、come Worlds Best PartnerBuild Knowledge Investment HeavenStrengthen English Education Programs Adopt Knowledge-Friendly Environment Get rid of all Barriers Use English as a 2nd LanguageBuilding National Knowledge System Knowledge NetworkKnowledgeInflowIncentives & RewardsKorea : A Knowledge PowerNat

8、ional Knowledge SystemWhat Can Private Sector Do? (MBN Case)“The Vision Korea Project”: Maeil Business Newspaper Three Major Researches: 1) Revitalizing the Korean Economy toward the 21st Century (With Booz Allen & Hamilton) 2) Productivity-led Growth for Korea (With McKinsey) 3) Knowledge for Actio

9、n (With Monitory) Characteristics of the Researches: -Partnership between Media/ Governments; MOFE, MOIC, MOCIE/ Foreign consulting firms (Oversea view) Lessons from the Researches: “Korean National Strategies after IMF = Transformation into a Knowledge Driven Economy”-Vision Korea Project (MBN Case

10、) “Transform Korea into a Knowledge Driven Economy”Leading National Action Campaign: -Lab-Venture Drive (with KOVA; Korea Venture Business Association) -Knowledge Community Campaign (with MOL; Ministry of Labor) -Knowledge Worker Campaign(with KIET; Korea Institute for Industrial Economics & Trade,

11、KISDI ; Korea Information Society Development Institute) -10 Million Internet ID Holding Campaign (with MIC : Ministry of Information and Communication ) -1 Million Home Page Holding Campaign (with MIC) -1 Million Invent-Kids Campaign (with KIPO; Korean Industrial Property Office)- Angel Club ( with

12、 KCCI ; the Korea Chamber of Commerce & Industry)Vision Korea Project (MBN Case) “Transform Korea into a Knowledge Driven Economy” Educational Endeavor: -Maekyung-KAIST Knowledge Management Academy (1,800 graduates) -Maekyung-KAIST Chief Knowledge Officer Program (150 graduates) Citizens Awareness P

13、rojects: -Knowledge Week 98, 99: KM Expo, KM Symposium, OECD-World Bank SeminarWorld Knowledge Forum in 2000 “Shaping the New Millennium with Knowledge”Purpose: Global Knowledge Sharing for Mutual Prosperity of MankindOct 18 & 19 in 2000 at Sheraton Walker Hill Hotel, Seoul8 Plenary Meetings and 39 SessionsHost: Maeil Business Newspaper

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