Changing Paradigm
Science, ICT and Future Planning Minister Choi Yang-hee, who attended this year's Pyeongchang Forum held at Aplpensia resort in Pyeongchang, Gangwon Province, said on July 26, “All the 18 creative economy centers have now been opened and ready to support ventures and small companies that are preparing startups or seeking for new businesses with creative ideas.”
The creative economy centers are supported by 18 local major conglomerates such as Samsung, Hyundai Motor, LG, and SK with a team-up of each local government to nurture startups and ventures across the country.
“The government's initiative for a 'creative economy' has started bringing changes,” Minister Choi said, adding, “The number of new companies and ventures would be explosively increasing sooner or later.” He defined the creative economy as the creation of value-added and good jobs through converging science and ICT based on creative ideas.
“Korea's economic outlook is not bright owing to growth without hiring, challenges from Chinese companies, and the falling birth rate dragging down long-term economic vitality,” Choi said, adding, “The government introduced the paradigm of the creative economy to deal with such external uncertainties.”
At the end of the lecture in the form, minister Choi said, “The government aims at creating up to 5,000 local ventures by 2017 even though we are now at just a starting point.”