1. Introduction: The Role of Innovation System in Knowledge-based Economy 
2. Profiles of Korea’s Science, Technology and Innovation Activities 
3. Catch-up Model in Brief 
4. Korean Innovation System: Main Features and Weaknesses 
4.1 Fundamental Weakness of Basic Knowledge-generating Mechanism 
4.2 Private Sector R&D System 
4.3 Government Policies and Programmes 
4.4 Weak Global Linkage 
5. The New Policy Agenda 
5.1 The Changing Rationale of STI Policy in a Knowledge-based Economy 
5.2 Improving Framework Conditions 
5.3 Enhance the Indigenous Knowledge Base 
5.4 Redefining the Role of GRI and Private Sector 
5.5 More Emphasis on Diffusion and System Linkage 
5.6 Increasing Human Mobility 
5.7 From Sectoral Promotion to Cluster Approach 
5.8 Toward a Participatory Innovation System 
5.9 Maintaining Social Cohesion 
6. Summary: Towards a New Model of Innovation System