Methods of Promoting Private Investment into Human Resources Development Industry

In the 21st century's knowledge-based society, the ability to create and apply knowledge is the main factor that determines a nation's prosperity and at the same time, it is the core strategy for enhancing the nation's competitiveness. Whereas the importance of human resources development and human resources development industry is emphasized, the definition of human resources development varies among scholars according to their viewpoints; And the confusion in the definition of human resources development directly results in the confusion in the definition of human resources development industry. To clear the confusion, this study will define the terms 'human resources development' and 'human resources development industry (hereafter HRD industry),' and suggest methods to promote private investment in HRD industry through analysis of existing laws and system