Korea unveils roadmap for creative economy

In response to decelerating economic growth, Korea reckons it can use innovative technology to upgrade its manufacturing sector and cultivate a more creative workforce.

Innovative technology and creative businesses are set to become the next growth engine for Korea as the nation transitions from a manufacturing powerhouse to a technology-driven creative economy.

“The Korean economy is witnessing a slowdown and we are facing a dilemma of maintaining the competitiveness of Korean companies while sustaining economic growth,” said Kim You-sik, director of the creative economy promotion division of the Ministry of Science, Innovation and Future Planning. “Innovative technology will be the solution.”

Korean government officials and industry leaders were speaking at Foreign Investment Week 2015, an event organised by the Korea Trade-Investment Promotion Agency in Seoul in mid-October.

Korean...

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