The current corporate restructuring which focuses on the securing sound financial structure of firms is well justified on the ground that the direct cause of the economic crisis of Korea is the currency and financial crisis in 1997. However, from the prospects of real economy and long-term development that the fundamental cause of the economic crisis is the weakened competitiveness as a result of structural weakness of the economy, there is a possibility of a biased restructuring. Further, it is of necessity to minimize a potential conflict between the improvement in the financial efficiency and the loss in the valuable knowledge capital which is a backbone of the knowledge-based economy, a recently adopted national agenda.

In order for the early realization of the timely adopted national agenda of knowledge-based economy, a well designed specific strategy and a careful selection of proper policies and a comprehensive approach rather than spontaneous and fragmented approach are needed. Also needed is the understanding that the transformation into a knowledge-based economy takes a substantially long period to achieve.

From the overview of the current corporate restructuring and the strategy of the knowledge-based economy, national competitiveness of Korea in 1999 is expected to increase in categories of IMD and WEF such as 'domestic economy', 'internationalization (openness)' and 'institutions'. However, it is expected to decrease in 'infra structure', 'management', 'science and technology', and 'human resources (labor)'. In other categories such as 'government' and 'finance', no much change is expected. In the long-term, the national competiveness will be strengthened in categories such as 'domesticeconomy', 'management', 'internationalizationopeness', 'infrastructure' and 'human resources (labor)' more than other categories.

Ⅰ. 槪要
1. 構造調整의 背景과 目的
2. 構造調整의 對象 및 速度와 期間
3. 政府와 市場의 構造調整 役割 및 機能

Ⅱ. 短期的 構造調整 推進現況과 成果
1. 經濟改革과 構造調整
2. 短期的 構造調整 推進現況 및 成果
3. 短期的 構造調整의 追後課題

Ⅲ. 中長期 構造調整과 知識基盤經濟의 早期構築
1. 政府의 中長期 戰略
2. 知識基盤經濟의 構築을 위한 基本課題
3. 政府와 市場의 役割分擔

Ⅳ. 構造調整의 效果와 國家競爭力
1. 國家競爭力 評價와 構造調整의 成果
2. 知識基盤經濟 構築을 위한 政策改善課題
3. 政策改善에 따른 中長期的 國家競爭力 變化

Ⅴ. 結論