Korea’s traditional high growth regime led by massive capital accumulation was systematically dismantled much to the shock of the currency crisis in 1997. After the crisis the energy of capital accumulation became sharply sluggish and profit share rose. The profit rate which had been decreasing due to high capital accumulation for a long time was on the upturn. This paper tried to systematically explore the changes in terms of the critical variables of capital accumulation: profit rate and its determinants, capital composition and profit share. Especially this reserch argued there had been the transition from liquidity crisis to realization one in the view of crisis form before and after the crisis in 1997.