The international community reached an implicit consensus that knowledge management will be the core of our civilization in the next millenium. This dissertation is to view the knowledge management from the point of information science rather than from the standpoint of the business management, which has been the trends of our academic circle so far. The underlying reason is simple, knowledge is the center of the knowledge management and other factors like humans, organization and culture are merely peripheral elements required to apply knowledge in a more appropriate and efficient manner. This paper looks at knowledge-sharing system as the heart of knowledge management emphasizing significance of the procedures such as validation and valuation and knowledge management processes. Adding to this, I dare to say the term 'Information technology Infrastructure' should be changed into'Information Infrastructure' since knowledge itself and how to express them play a more important role in knowledge management than the information technology does.