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 |