Recently, Korean dramas have won popularity in East Asia and provoked public discussions in newspaper forums in Taiwan. This chapter analyzes how the interpretive communities have formed their interpretive frameworks, what they have conceived from the Korean Wave and what policy implications have been drawn. According to the analysis, the dominant discourse is economic nationalism – while Korea has become a developed country, Taiwan should learn from Koran and catch up in this global competition. Imbedded in internal politics, different interpretative communities have learned different lessons from Korea. The pro-unification (with China) camp claimed that Taiwan should reduce local colors and open trade with China. The pro-(Taiwan) independence camp claimed that Taiwan should enhance national identity. The media reform group claimed that Taiwan should establish a strong public service broadcaster like the Korean counterparts. Based on this study, this chapter suggests that public discourses should address media problems in order to enhance communication at home and abroad.