Entrepreneurship has been a driving force for economic growth. However, the definition of entrepreneurship has been defined as a way of thinking for creating value or defined as activities related to start-up. Thiskindofnarrowdefinitionledthemisunderstandingtothepublic.Also,theentrepreneurship policymakersandeducatorshaveusedtheconceptofentrepreneurshipasastart-upactivities. With this mis-concept of narrow definition should broaden to the right and broad concept of entrepreneurship as the zeitgeist and the solutions to social problem. For redefining the entrepreneurship concept, we conducted the survey with experts in the entrepreneurship industry such as professors in entrepreneurship division at university level and experts in entrepreneurship industry such as policy makers in the government related organization. Based on Colaizzi(1978)'s research, the phenomenologist view is useful to see the core value of phenomena. Researchers did in-depth interview to redefine the definition of entrepreneurship. Wegotthe6keyconceptswhichtheyhavetobeincludedinthedefinitionofentrepreneurship through in-depth interview. First, entrepreneurship can solve the inequity issues in terms of social value and economic side. Second, itcanbeasolutionof unbalancedbadcycleof society. Third, itcanbeasolution to adjust the current economic paradigm. Forth, entrepreneurship can be a driving force of economic and social dynamics. Fifth, it will create the positive system to create the effective results. Asasixthkeypoint, entrepreneurshipcanbeasourceof socialvaluecreationbeyond the economic value creation. Thesecorevaluescanleadthemorebroadperspectivetounderstandentrepreneurshipconcept as a solution of social problem and the zeitgeist. * Associate Professor, Seoul National University of Science and Technology, Department of Business Administration, FirstAuthor **Associate researchFellow, National YouthPolicyInstitute, CorrespondingAuthor Using this understanding, entrepreneurship can be applied to the economic sectors and social sectors as well. Also, it will bring the right direction for entrepreneurship education in the situation all students have to take the entrepreneurship course as a mandatory course.