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Korea:AKnowledgePowerinthe21stCenturyDaeWhanChang,Ph.D.MaeilBusinessNewspaper1Korea:AKnowledgePowerinth Korea:TheWayAheadIMFCorporate/FinancialRestructuringRecoveryoftheEconomyStabilizationinFinancialandForeignExchangeMarketProblemsRisingBudgetDeficitDeterioratingIncomeDistributionRemainingIssuesCompletingRestructuringAchievingSustainableGrowthReduceGov’tExpendituresDevelopSocialSafetyNetRequireStrongLeadership? Korea:TheWayAheadIMFCorpo

Korea’sStrategyforSustainableGrowthGlobalCompetitionLimitsofInputDrivenGrowthNewEraofInformationTechnology“TheWinnerTakesitAll”LaborDecreasingPopulationCapitalExcessCapacitiesFocusonCoreCompetenciesDevelopKnowledge-BasedEconomy Korea’sStrategyforSustaina CrucialEconomicIndicatorsKoreaJapanPotentialGrowthRateInput-DrivenProductivity-Led1991~20002001~2010*Source:KDI,JapanEconomicResearch CrucialEconomicIndicators6.HowtoDevelopKnowledge-BasedEconomyDefiningKnowledgeGapKnowledgeNetworkKnowledgeInflowNationalKnowledgeSystemKnowledgeBasedEconomyin21stCenturyHowtoDevelopKnowledge-BasedHowtoReduceKnowledgeGap?BuyHireAcquireDiscoverDevelopPurchaseInformationorKnowledgefromOtherInstitutionsRecruitEmployeesWhoPossessRequiredKnowledgeUsePartnership,M&AandAlliancestoTransferKnowledgeInvestigatePotentialSourcesofExistingKnowledgeInvestinInternalInnovationExternalKnowledgeInternalKnowledgeHowtoReduceKnowledgeGap?BuSocialIncentivesandRewardsPeopleCompaniesGov’tKnowledgeWorkersKnowledgeManagementNationalKnowledgeSystemIncentives&RewardsSocialIncentivesandRewardsPKnowledgeNetworkingIndustryAcademiaR&DSystem&EducationGov’tInvesting&FundingSupplyR&DResultsKnowledgeNetworkingIndustryAcQualityofResearchCooperation1.Finland2.Switzerland3.Norway4.USA11.Taiwan16.Japan19.Korea?????????6.986.305.955.855.154.824.56*Source:InternationalInstituteforManagementDevelopment,1997*1.Insufficient7.SufficientQualityofResearchCooperatioAttractForeignKnowledgeInflowBecomeWorld’sBestPartnerBuildKnowledgeInvestmentHeavenStrengthenEnglishEducationProgramsAdoptKnowledge-FriendlyEnvironmentGetridofallBarriersUseEnglishasa2ndLanguageAttractForeignKnowledgeInflBuildingNationalKnowledgeSystemKnowledgeNetworkKnowledgeInflowIncentives&RewardsKorea:AKnowledgePowerNationalKnowledgeSystemBuildingNationalKnowledgeSyWhatCanPrivateSectorDo?(MBNCase)“TheVisionKoreaProject”:

MaeilBusinessNewspaper

ThreeMajorResearches:

1)RevitalizingtheKoreanEconomytowardthe21stCentury(WithBoozAllen&Hamilton)2)Productivity-ledGrowthforKorea(WithMcKinsey)3)KnowledgeforAction(WithMonitory)

CharacteristicsoftheResearches:

-PartnershipbetweenMedia/Governments;MOFE,MOIC,MOCIE/Foreignconsultingfirms(Overseaview)

LessonsfromtheResearches:

“KoreanNationalStrategiesafterIMF=TransformationintoaKnowledgeDrivenEconomy”-WhatCanPrivateSectorDo?(VisionKoreaProject(MBNCase)“TransformKoreaintoaKnowledgeDrivenEconomy”LeadingNationalActionCampaign:-Lab-VentureDrive(withKOVA;KoreaVentureBusinessAssociation)-KnowledgeCommunityCampaign(withMOL;MinistryofLabor)-KnowledgeWorkerCampaign(withKIET;KoreaInstituteforIndustrialEconomics&Trade,KISDI;KoreaInformationSocietyDevelopmentInstitute)-10MillionInternetIDHoldingCampaign(withMIC:MinistryofInformationandCommunication)-1MillionHomePageHoldingCampaign(withMIC)-1MillionInvent-KidsCampaign(withKIPO;KoreanIndustrialPropertyOffice)-AngelClub(withKCCI;theKoreaChamberofCommerce&Industry)VisionKoreaProject(MBNCasVisionKoreaProject(MBNCase)“TransformKoreaintoaKnowledgeDrivenEconomy”EducationalEndeavor:-Maekyung-KAISTKnowledgeManagementAcademy(1,800graduates)-Maekyung-KAISTChiefKnowledgeOfficerProgram(150graduates)Citizen’sAwarenessProjects:-KnowledgeWeek’98,’99:KMExpo,KMSymposium,OECD-WorldBankSeminarVisionKoreaProject(MBNCasWorldKnowledgeForumin2000

“ShapingtheNewMillenniumwithKnowledge”Purpose:

GlobalKnowledgeSharingforMutualProsperityofMankindOct18&19in2000atSheratonWalkerHillHotel,Seoul8PlenaryMeetingsand39SessionsHost:MaeilBusinessNewspaper&TVCo-Host:FinancialTimes,Bloomberg,Nikkei,CNBCKnowledgePartners:

-GlobalKnowledgePartnership(WorldBank)-McKinsey&Co.,MonitorCompanyInlinewith:

-ASEMSummit-MinistryofFinanceandEconomyWorldKnowledgeForumin2000Korea:AKnowledgePowerinthe21stCenturyDaeWhanChang,Ph.D.MaeilBusinessNewspaper16Korea:AKnowledgePowerinth Korea:TheWayAheadIMFCorporate/FinancialRestructuringRecoveryoftheEconomyStabilizationinFinancialandForeignExchangeMarketProblemsRisingBudgetDeficitDeterioratingIncomeDistributionRemainingIssuesCompletingRestructuringAchievingSustainableGrowthReduceGov’tExpendituresDevelopSocialSafetyNetRequireStrongLeadership? Korea:TheWayAheadIMFCorpo

Korea’sStrategyforSustainableGrowthGlobalCompetitionLimitsofInputDrivenGrowthNewEraofInformationTechnology“TheWinnerTakesitAll”LaborDecreasingPopulationCapitalExcessCapacitiesFocusonCoreCompetenciesDevelopKnowledge-BasedEconomy Korea’sStrategyforSustaina CrucialEconomicIndicatorsKoreaJapanPotentialGrowthRateInput-DrivenProductivity-Led1991~20002001~2010*Source:KDI,JapanEconomicResearch CrucialEconomicIndicators6.HowtoDevelopKnowledge-BasedEconomyDefiningKnowledgeGapKnowledgeNetworkKnowledgeInflowNationalKnowledgeSystemKnowledgeBasedEconomyin21stCenturyHowtoDevelopKnowledge-BasedHowtoReduceKnowledgeGap?BuyHireAcquireDiscoverDevelopPurchaseInformationorKnowledgefromOtherInstitutionsRecruitEmployeesWhoPossessRequiredKnowledgeUsePartnership,M&AandAlliancestoTransferKnowledgeInvestigatePotentialSourcesofExistingKnowledgeInvestinInternalInnovationExternalKnowledgeInternalKnowledgeHowtoReduceKnowledgeGap?BuSocialIncentivesandRewardsPeopleCompaniesGov’tKnowledgeWorkersKnowledgeManagementNationalKnowledgeSystemIncentives&RewardsSocialIncentivesandRewardsPKnowledgeNetworkingIndustryAcademiaR&DSystem&EducationGov’tInvesting&FundingSupplyR&DResultsKnowledgeNetworkingIndustryAcQualityofResearchCooperation1.Finland2.Switzerland3.Norway4.USA11.Taiwan16.Japan19.Korea?????????6.986.305.955.855.154.824.56*Source:InternationalInstituteforManagementDevelopment,1997*1.Insufficient7.SufficientQualityofResearchCooperatioAttractForeignKnowledgeInflowBecomeWorld’sBestPartnerBuildKnowledgeInvestmentHeavenStrengthenEnglishEducationProgramsAdoptKnowledge-FriendlyEnvironmentGetridofallBarriersUseEnglishasa2ndLanguageAttractForeignKnowledgeInflBuildingNationalKnowledgeSystemKnowledgeNetworkKnowledgeInflowIncentives&RewardsKorea:AKnowledgePowerNationalKnowledgeSystemBuildingNationalKnowledgeSyWhatCanPrivateSectorDo?(MBNCase)“TheVisionKoreaProject”:

MaeilBusinessNewspaper

ThreeMajorResearches:

1)RevitalizingtheKoreanEconomytowardthe21stCentury(WithBoozAllen&Hamilton)2)Productivity-ledGrowthforKorea(WithMcKinsey)3)KnowledgeforAction(WithMonitory)

CharacteristicsoftheResearches:

-PartnershipbetweenMedia/Governments;MOFE,MOIC,MOCIE/Foreignconsultingfirms(Overseaview)

LessonsfromtheResearches:

“KoreanNationalStrategiesafterIMF=TransformationintoaKnowledgeDrivenEconomy”-WhatCanPrivateSectorDo?(VisionKoreaProject(MBNCase)“TransformKoreaintoaKnowledgeDrivenEconomy”LeadingNationalActionCampaign:-Lab-VentureDrive(withKOVA;KoreaVentureBusinessAssociation)-KnowledgeCommunityCampaign(withMOL;MinistryofLabor)-KnowledgeWorkerCampaign(withKIET;KoreaInstituteforIndustrialEconomics&Trade,KISDI;KoreaInformationSocietyDevelopmentInstitute)-10MillionInternetIDHoldingCampaign(withMIC:MinistryofInformationandCommunication)-1MillionHomePageHoldingCampaign(withMIC)-1MillionInvent-KidsCampaign(withKIPO;KoreanIndustrialPropertyOffice)-Angel

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