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Development of Knowledge-based Economy and Human Resources Development in Korea

1. Human Resources Development in Knowledge-based Economy With the new century dawning, the knowledge-based economy is emerging as a new paradigm. In this paradigm, economic entities will nurture their innovative capacities by acquiring, applying, and expanding new knowledge and contribute to further growth and development. In knowledge-based society, it is intangible intellectual capital and innovative capacities, not tangible capital as in the existing form of economy, which determine the international competitiveness of a nation, the productivity of a enterprise, and the position of an individual within the labor market.