The Korean government is implementing innovative growth policies such as not only a super-connected intelligence project, smart city, smart factories for innovative SMEs, and start-up ecosystem projects, but also pol-icies to innovate regulations and create an innovative infrastructure. The purpose of this study is to suggest the policy implica-tions for the Korean government by analyz-ing innovative growth policies of major countries such as the United States, Germany, France, and Japan. Against this backdrop, this study focused on a comparative analysis of fourth industrial revolution areas currently being pursued by the Korean government: smart factories, start-up ecosystem, and the fintech industry.