With the concept of “creative economy” emerging as a new paradigm of economic growth in Korea, the frequency of debates over related topics are being held, including the meaning and aims of the concept, as well as policy measures needed to realize it. While there is no consensus yet on the meaning of a creative economy, it is generally understood and referred to as a new economic system where creativity plays a central role. It is already being accepted as a new policy paradigm in many countries. This report analyzes cases from the United Kingdom, Finland, Germany, Japan, and Singapore, as well as the debate at the United Nations Conference on Trade and Development (UNCTAD), and derives pertinent implications for Korea.