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Table 1 Economic Paradigm of Republic of Korea (Lee 2013)

From: Student customized creative education model based on open innovation

Classification Industrial Economy Knowledge Economy Creative Economy
Period 70s–80s, Oil Crisis 90s, IMF Currency Crisis Global Financial Crisis
Growth Paradigm Industrialization Informatization Creation
Production Factors Labor, Capital Knowledge, Information Collective Intelligence and Creativity
Core Industries Heavy Chemical Industry IT and Digital Industry Integrated and Creative Industry
Success Story Shipbuilding, Steel Products, Petrochemical Semiconductors, Information and Communications Smartphone, IT Convergence, Korean-wave Contents