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1、Korea:A Knowledge Power in the 21st CenturyDae Whan Chang,Ph.D.Maeil Business Newspaper1Korea:The Way AheadIMFIMFCorporate/FinancialRestructuringRecovery ofthe EconomyStabilizationin Financialand ForeignExchangeMarketProblemsRising BudgetDeficitDeteriorating Income DistributionRemaining Issues Compl
2、eting Restructuring Achieving Sustainable GrowthReduce GovtExpendituresDevelop SocialSafety NetRequire StrongLeadership?Koreas Strategy for Sustainable GrowthGlobal CompetitionGlobal CompetitionLimits of Input Driven GrowthLimits of Input Driven Growth New Era of Information Technology“The Winner Ta
3、kes it All”Labor Decreasing Population Capital Excess CapacitiesFocus onCore CompetenciesDevelopKnowledge-BasedEconomyCrucial Economic Indicators6.73.43.45.12.42.72.60.62.0Korea1.90.71.2JapanPotential Growth RateInput-DrivenProductivity-Led19912000199120002001201020012010*Source:KDI,Japan Economic R
4、esearchHow to Develop Knowledge-Based EconomyHow to Develop Knowledge-Based EconomyDefiningKnowledgeGapKnowledgeNetworkKnowledgeInflowNationalKnowledgeSystemKnowledgeKnowledgeBased EconomyBased Economyin 21st Centuryin 21st CenturyHow to Reduce Knowledge Gap?BuyHireAcquireDiscoverDevelopPurchaseInfo
5、rmationor Knowledgefrom OtherInstitutionsRecruitEmployeesWho PossessRequiredKnowledgeUse Partnership,M&A and Alliancesto TransferKnowledgeInvestigatePotentialSources ofExistingKnowledgeInvest inInternalInnovationExternal KnowledgeInternal KnowledgeSocial Incentives and RewardsPeoplePeopleCompaniesCo
6、mpaniesGovtGovtKnowledgeWorkersKnowledgeManagementNationalKnowledgeSystemIncentives&RewardsKnowledge NetworkingIndustryAcademiaR&D System&EducationGovtInvesting&FundingSupply R&D ResultsQuality of Research Cooperation1.Finland2.Switzerland3.Norway4.USA11.Taiwan16.Japan19.Korea6.986.305.955.855.154.8
7、24.56*Source:International Institute for Management Development,1997*1.Insufficient 7.SufficientAttract Foreign Knowledge InflowBecome Worlds Best PartnerBuild Knowledge Investment HeavenStrengthen English Education Programs Adopt Knowledge-Friendly Environment Get rid of all Barriers Use English as
8、 a 2nd LanguageBuilding National Knowledge System Knowledge NetworkKnowledgeInflowIncentives&RewardsKorea:A Knowledge PowerNational Knowledge SystemWhat Can Private Sector Do?(MBN Case)“The Vision Korea Project”:Maeil Business Newspaper Three Major Researches:1)Revitalizing the Korean Economy toward
9、 the 21st Century (With Booz Allen&Hamilton)2)Productivity-led Growth for Korea(With McKinsey)3)Knowledge for Action(With Monitory)Characteristics of the Researches:-Partnership between Media/Governments;MOFE,MOIC,MOCIE/Foreign consulting firms(Oversea view)Lessons from the Researches:“Korean Nation
10、al Strategies after IMF=Transformation into a Knowledge Driven Economy”-Vision Korea Project (MBN Case)“Transform Korea into a Knowledge Driven EconomyTransform Korea into a Knowledge Driven Economy”Leading National Action Campaign:-Lab-Venture Drive(with KOVA;Korea Venture Business Association)-Kno
11、wledge Community Campaign(with MOL;Ministry of Labor)-Knowledge Worker Campaign(with KIET;Korea Institute for Industrial Economics&Trade,KISDI;Korea Information Society Development Institute)-10 Million Internet ID Holding Campaign(with MIC:Ministry of Information and Communication)-1 Million Home P
12、age Holding Campaign(with MIC)-1 Million Invent-Kids Campaign(with KIPO;Korean Industrial Property Office)-Angel Club(with KCCI;the Korea Chamber of Commerce&Industry)Vision Korea Project (MBN Case)“Transform Korea into a Knowledge Driven EconomyTransform Korea into a Knowledge Driven Economy”Educat
13、ional Endeavor:-Maekyung-KAIST Knowledge Management Academy(1,800 graduates)-Maekyung-KAIST Chief Knowledge Officer Program(150 graduates)Citizens Awareness Projects:-Knowledge Week 98,99:KM Expo,KM Symposium,OECD-World Bank SeminarWorld Knowledge Forum in 2000 “Shaping the New Millennium with Knowl
14、edge”“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&TVCo-Host:Financial Times,Bloomberg,Nikkei,CNBCKnowledge Partners:-Global Knowledge Partnership(World Bank)-McKinsey&Co.,Monitor CompanyIn line with:-ASEM Summit-Ministry of Finance and Economy