The imperatives of social democratization and global economic competit
ion have opened a new phase of development for the Korean university a
nd its scholarship. The increased social demands for knowledge creatio
n and dissemination gradually extend the scope of professional practic
e beyond the conventional areas of academic work. This paper explores,
based upon the findings of a case study, how Korean universities and
their professors have been responding to these demands and what conseq
uences are observable. It also explains how the new demands and respon
ses are contributing to local development. Finally, it highlights seve
ral controversial issues in the discourse on entrepreneurial scholarsh
ip and discusses these in the Korean context as points for further inv
estigation.