World Bank2013-08-212013-08-212000-06-29https://hdl.handle.net/10986/15256The report reviews the economic transition in Korea, summarizing the challenge of the knowledge revolution, to the country's development strategy, and the analytical, and policy framework for a knowledge-based economy. It explores the needs to increase overall productivity, and areas of relative inefficiency, namely, inadequate conditions for generation of knowledge, and information; insufficient competition, and misallocation of investments. Furthermore, the increasingly global, and interdependent world, requires that Korea become inter-nationalized, and this involves: active participation, and leadership in international forums, particularly those setting rules for the new economy; developing alliances with world-class universities; and, active participation in global knowledge systems, and international telecommunications. Thus, the role of the Korean government will need to be redefined, unleashing the creative power of markets, providing legal and regulatory framework for more competitive markets, and fostering policies conducive to enterprise development, while addressing also, the risks of the "digital divide". The report identifies key areas for the government to move towards a comprehensive approach, where reforms are needed to prod: economic incentive, and institutional regime; education, training, and human resource management; information infrastructure; and, innovation systems.en-USCC BY 3.0 IGOKNOWLEDGE-BASED STRATEGIESDEVELOPMENT ASSISTANCEREFORM POLICYINFORMATION SHARINGECONOMIC INCENTIVESINSTITUTIONAL TRANSFORMATIONGOVERNMENT ROLETRANSITION ECONOMIESFINANCIAL POLICYLABOR MARKETSSOCIAL SAFETY NETSRISK MANAGEMENTHUMAN RESOURCES REFORMSEDUCATION AIMS & OBJECTIVESTRAINING ASSISTANCEINFORMATION INFRASTRUCTUREINNOVATIONSECONOMIC ANALYSISLEGAL & REGULATORY FRAMEWORKCOMPETITIVENESSENTERPRISE DEVELOPMENTTELECOMMUNICATIONS TECHNOLOGY BUSINESS SERVICESCAPITAL INVESTMENTSCAPITAL MARKETSCODE DIVISION MULTIPLE ACCESSCOLLABORATIONCOMMUNICATION TECHNOLOGIESCOMMUNICATION TECHNOLOGYCOMMUNICATIONS COSTSCOMPETITIVE ENVIRONMENTCOMPETITIVE MARKETSCONSUMER PROTECTIONDEBTDECISION MAKINGDEMOCRACYDEREGULATIONDIGITAL DIVIDEDISTANCE EDUCATIONE-COMMERCEECONOMIC DEVELOPMENTECONOMIC GROWTHEFFECTIVE USEEXERCISESEXPENDITURESEXPLOITATIONGLOBAL KNOWLEDGEGNPGROSS NATIONAL PRODUCTHUMAN RESOURCE MANAGEMENTHUMAN RIGHTSICTINCOMEINDUSTRIAL ECONOMICSINFORMATION DISCLOSUREINNOVATIONINSURANCEINTELLECTUAL PROPERTYINTERMEDIARIESINTERVENTIONISDNJOURNALSKNOWLEDGE ECONOMYKNOWLEDGE REVOLUTIONKNOWLEDGE SYSTEMSLABOR INPUTSLABOR MARKETSLAWSLEARNINGLEGISLATIONLEISURELOCAL AUTHORITIESNATIONAL INFORMATION INFRASTRUCTURENETWORKSPARENTSPARTNERSHIPPHONESPRIVATE SECTORPRODUCTIVITYPRODUCTIVITY GROWTHPROPERTY RIGHTSPUBLIC GOODSPUBLIC HEARINGSPUBLIC SECTORREGULATORY AGENCYREGULATORY FRAMEWORKRESEARCH CENTERSRESEARCH PROGRAMSSAFETYSAVINGSSCHOOLSSCIENTIFIC RESEARCHSECURITIESSOCIAL ISSUESTEACHERSTECHNOLOGY INDUSTRIESTECHNOLOGY POLICYTELECOMMUNICATIONTELECOMMUNICATIONSTELECOMSUNEMPLOYMENTWAGESWorld Bank10.1596/15256