Conventional financial accounting system has overseen the significant roles of the non-financial facets of
the activities of the company, especially whose value creating abilities are based on knowledge assets.
In the knowledge-based economy, telecommunication service companies must recognize the changes from
the tangible assets to the knowledge assets as value creating resources, understand the dynamic processes in
which the knowledge is converted to financial profits and seek the method to measure and report
knowledge assets to sustain the competitive advantage continuously.
This study proposes the indicators and measures of knowledge assets of Korea Telecom. Through the
analysis and application of the knowledge assets report of the Korea Telecom, this study shows the
usefulness of the knowledge assets report.