Abstract The knowledge economy is present in all fields and occupations where human capital needed. It consists of educating informing staff, thus helping to improve work performance create competitive advantage. Where we have capital, there also the possibility retraining occupations. Retraining staff may be unavoidable especially following major impact events such as 2019 pandemic or Russian-...

Knowledge is increasingly recognised as the key to determining competitiveness in the 21st century, emphasising the role of information, technology and learning in economic performance. The objective of this paper is to identify the importance and characteristics of a knowledge-based economy and to describe the current position of Korea in the process of transformation from a traditional resour...